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29 November, 2023 20:39 IST
Xinyuan Real Estate first-quarter profit rises 21.92 percent on a YOY basis
Source: IRIS | 22 May, 2017, 02.05PM

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Revenue during the quarter grew 19.26 percent to $280.71 million from $235.38 million in the previous year period. Gross margin for the quarter expanded 152 basis points over the previous year period to 22.29 percent. Total expenses were 90.36 percent of quarterly revenues, down from 92.62 percent for the same period last year. This has led to an improvement of 226 basis points in operating margin to 9.64 percent.

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