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Xinyuan posts 4Q profit

BEIJING (AP) _ Xinyuan Real Estate Co. (XIN) on Tuesday reported fourth-quarter profit of $12.1 million.

On a per-share basis, the Beijing-based company said it had net income of 18 cents.

The real estate company posted revenue of $505.3 million in the period.

For the year, the company reported profit of $73 million, or $1.06 per share. Revenue was reported as $1.56 billion.

Xinyuan shares have climbed 11 percent since the beginning of the year. The stock has climbed 76 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