Xinyuan Real Estate Q1 Profit Declines - Quick Facts

(RTTNews) - Xinyuan Real Estate Co., Ltd. (XIN), a residential real estate developer, said its first-quarter 2015 net income fell 55.4% to $4.5 million, from $10.1 million, reported a year back. Quarterly net earnings per American Depositary Share or ADS attributable to shareholders were $0.06, down compared with $0.12 per ADS in the prior-year quarter.

Total revenues were $166.7 million this quarter, a 26.4% decline from $226.4 million reported in the first quarter of 2014. Contract sales were $184.9 million, down 32.5% from $273.9 million in the comparable quarter last year.