Xinyuan Real Estate Co Ltd Issues Q3 2013 Guidance; Raises FY 2013 Guidance

Thursday, 8 Aug 2013 06:30am EDT 

Xinyuan Real Estate Co Ltd announced that it expects third quarter 2013 contract sales to reach approximately USD200 to USD220 million. Third quarter revenue is expected to total USD210 to US220 million while net income is projected at USD25 to USD30 million. With the fourth quarter addition of Xuzhou Colorful City and Beijing Xindo Park to the Company's active project list, the Company has raised its fiscal 2013 financial forecast. Contract sales for fiscal 2013 are expected to exceed USD880 million. Revenue under the percentage of completion method is expected to exceed USD820 million while net income is expected to exceed USD110 million for fiscal 2013. 

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