Boston, MA 05\/29\/2014 (wallstreetpr) \u2013 Kirin International Holding Inc (OTCMKTS:KIRI)<\/b> is operating through its fully owned subsidiary, Kirin China Holding Limited, a real estate development company. Under intense supervision of the Chief Executive Officer, Longlin Hu the company released its financial report that ended on March 31, 2014.<\/p>\n
Asset holding:<\/b><\/p>\n
The total assets for the quarter ended on March 31, 2014 stands as $323,579,909, deterioration from the quarter ended on December 31, 2013.<\/p>\n
Revenue in the 1Q2014<\/b>:<\/p>\n
Inspite of less revenues than last year shares of\u00a0Kirin International Holding Inc (OTCMKTS:KIRI) are getting pumped through stock promotions. Revenue fell to $7,412,177 compared to $14,045,845.<\/p>\n
Gross profit registered by Kirin:<\/b><\/p>\n
The consolidated economic statistic of the company shows a small disparity between the gross profits registered by Kirin in the last year’s corresponding quarter. The gross profit has been calculated considering from revenue generated from real estate sales net off cost of real estate sales. Kirin International Holding Inc (OTCMKTS:KIRI) reported an improvement in its gross profit figures by recording $1,646,191 in the quarter that ended on March 31, 2014 compared to $ 1,576,258 in the quarter that ended on March 31, 2013. Even though the revenue declined in this quarter, yet the company experienced higher gross profit compared to the last year owing to much lesser cost.<\/p>\n
Operating expenses:<\/b><\/p>\n
The total operating expenses signifies a minute change that has taken place within a span of one year. The company recorded total operating expenses (selling expenses as well as General and Administrative expenses) of $3,556,459 in the first quarter of 2013, which turn out to be $3,505,331 in 1Q2014.<\/p>\n
The net loss incurred:<\/b><\/p>\n
In the unaudited quarterly report, the company reported having incurred a net loss of $2,138,150 in 1Q2014, whereas it was $3,463,111 in the quarter that ended on March 31, 2013. So, that reflects an improvement in the company’s portfolio. The net loss attributable to the shareholders of the company for the first quarter of this year is posted to be $2,129,573 while Kirin International Holding Inc (OTCMKTS:KIRI) reported the same for the comparable quarter to be $3,463,111.<\/p>\n
The basic and diluted loss on each share for Kirin in the first three months of 2014 is $0.10 compared to a higher figure of $0.17 in the first quarter a year back.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/29\/2014 (wallstreetpr) \u2013 Kirin International Holding Inc (OTCMKTS:KIRI) is operating through its fully owned subsidiary, Kirin China Holding Limited, a real estate development […]<\/p>\n","protected":false},"author":10,"featured_media":11925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6971,6972],"stock_ticker":[],"class_list":["post-23983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kirin-international-holding-inc-otcmktskiri","tag-otcmktskiri","entry"],"acf":[],"yoast_head":"\n