Highlights from Fang Holding's Second Quarter Report

August 17, 2020
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Second Quarter financial results are trickling in from companies all over the world. Today’s comes from Chinese leading real estate platform, Fang Holdings Limited, covering the half-year ended June 30, 2020. 

Highlights of the report include:

  • Total revenues: $66.8 million, a decrease of 1.5% from $67.8 million year-over-year
  • Operating income: $6.4 million, a decrease of 78.7% from $30.1 million year-over-year
  • Net income: $21.5 million, an increase of 321.6% from $5.1 million year-over-year
  • Income tax benefits: $19.5 million in the first half-year of 2020, an increase of 116.7% from $9.0 million year-over-year
  • Net loss: $19.4 million in the first half-year of 2020, compared to a net income of $18.5 million year-over-year

Other companies’ half-year reports we’ve covered include Q2 financial findings for Scout24, MercadoLibre, Zillow, Square Yards, and CoStar Group.

August 17, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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