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Xinyuan posts 2Q profit

BEIJING (AP) _ Xinyuan Real Estate Co. (XIN) on Friday reported second-quarter net income of $8.9 million.

The Beijing-based company said it had net income of 14 cents per share.

The real estate company posted revenue of $488.2 million in the period.

Xinyuan shares have risen 4 percent since the beginning of the year. The stock has dropped 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XIN at https://www.zacks.com/ap/XIN


Keywords: Xinyuan Real Estate, Earnings Report