Xinyuan Real Estate Co. Ltd. Q3 Income Advances 614%

(RTTNews) - Xinyuan Real Estate Co. Ltd. (XIN) released earnings for its third quarter that increased from last year.

The company said its bottom line advanced to $22.69 million, or $0.31 per share. This was up from $3.18 million, or $0.04 per share, in last year's third quarter.

The company said revenue for the quarter rose 88.8% to $308.95 million. This was up from $163.61 million last year.

Xinyuan Real Estate Co. Ltd. earnings at a glance:

-Earnings (Q3): $22.69 Mln. vs. $3.18 Mln. last year. -Earnings Growth (Y-o-Y): 613.5% -EPS (Q3): $0.31 vs. $0.04 last year. -EPS Growth (Y-o-Y): 675.0% -Revenue (Q3): $308.95 Mln vs. $163.61 Mln last year. -Revenue Change (Y-o-Y): 88.8%