Fang Holdings Limited (SFUN) saw its loss narrow to $12.02 million, or $0.14 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $113.70 million, or $1.20 a share. On the other hand, adjusted net loss for the quarter narrowed to $10.48 million, or $0.12 a share from a loss of $111.62 million or $1.17 a share, a year ago. Revenue during the quarter plunged 46.34 percent to $109.80 million from $204.62 million in the previous year period. Gross margin for the quarter period stood at positive 44.70 percent as compared to a negative 2.45 percent for the previous year period. Operating margin for the quarter stood at negative 5.57 percent as compared to a negative 53.75 percent for the previous year period.
Operating loss for the quarter was $6.12 million, compared with an operating loss of $109.99 million in the previous year period.
However, the adjusted operating loss for the quarter stood at $4.58 million compared to operating loss of $107.92 million in prior year period.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]