Xinyuan Real Estate Co., Ltd. (XIN) |
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EARNINGS REPORT by CSIMarket
Xinyuan Real Estate Co., Ltd records $27 million tax charge
The second quarter 2018 earnings vanished, due to hefty $27 million tax charge, resulting in $-0.13 loss per share
![cutting_By_Toby_Hudson_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons cutting_By_Toby_Hudson_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons](../news/img/construction/cutting_By_Toby_Hudson_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons.jpg) For the second quarter 2018 Xinyuan Real Estate Co., Ltd increased losses of $ -0.13 per share compare to $0.00 a year ago and eps fell from $0.48 per share from the previous quarter. Sales remained unchanged to $ 912 millions from $0 millions in the same quarter a year ago and sequentially by -73.91 % from $3.49 billions. For the second quarter 2018 Xinyuan Real Estate Co., Ltd realized net loss of $ -22 million, instead of break-even in the same quarter a year before. Excluding a $27 million tax charge, that company has recorded, second quarter 2018 results would show a net profit.
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