CORRECTION - Xinyuan Real Estate Co Ltd Issues Q4 2013 Guidance; Raises FY 2013 Guidance

Friday, 8 Nov 2013 05:30am EST 

(CORRECTS TO READ - "Raises FY 2013 Guidance"... INSTEAD OF... "Lowers FY 2013 Revenue Guidance; Raises FY 2013 Net Income Guidance"... IN THE HEADLINE). Xinyuan Real Estate Co Ltd announced that for the fourth quarter of 2013, it expects revenue to total USD255 to USD265 million while net income is projected at USD20 to USD30 million. For fiscal 2013 it expects to reach USD930 to USD940 million. Revenue under the percentage of completion method is expected to reach USD860 to USD870 million, while net income is expected to exceed USD115 million. 

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12 Sep 2014