Xinyuan posts 4Q profit

BEIJING (AP) _ Xinyuan Real Estate Co. (XIN) on Tuesday reported fourth-quarter profit of $12.1 million.

On a per-share basis, the Beijing-based company said it had net income of 18 cents.

The real estate company posted revenue of $505.3 million in the period.

For the year, the company reported profit of $73 million, or $1.06 per share. Revenue was reported as $1.56 billion.

Xinyuan shares have climbed 11 percent since the beginning of the year. The stock has climbed 76 percent in the last 12 months.


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Keywords: Xinyuan Real Estate, Earnings Report