Recalling revenue to Fang Holdings Ltd (NYSE: SFUN) shareholders

On Friday Fang Holdings Ltd (NYSE: SFUN) above 3.48% and ended at $2.08. The stock market capitalization arrived at $180.29M and total traded volume was 38.31K shares. During last trade, its maximum trading price was registered $2.11 and it’s the minimum trading price was noted $2.01.

Fang Holdings Ltd (NYSE: SFUN) , recently reported its unaudited financial results for the first half year ended June 30, 2019.

Fang stated total revenues of $102.6M in the first half year of 2019, a decrease of 8.7% from $112.3M in the corresponding period of 2018.

Revenue from marketing services was $45.7M in the first half year of 2019, a raise of 5.3% from $43.4M in the corresponding period of 2018, driven by Fang’s efforts in consumer development.

Revenue from listing services was $31.4M in the first half year of 2019, a decrease of 29.7% from $44.6M in the corresponding period of 2018, mainly Because of the decrease of paying members in listing services.

Revenue from leads generation services was $14.8M in the second quarter of 2019, a raise of 281.2% from $3.9M in the corresponding period of 2018, driven by the increased effectiveness of the service and consumer development.

Revenue from financial services was $6.1M in the first half year of 2019, a decrease of 21.1% from $7.8M in the corresponding period of 2018.

Cost of revenue was $16.7M in the first half year of 2019, a decrease of 34.2% from $25.4M in the corresponding period of 2018, primarily Because of cost savings from optimizing Fang’s core business.

Operating expenses were $68.6M in the first half year of 2019, a decrease of 36.0% from $107.2M in the corresponding period of 2018, mainly Because of the decrease in bad debt and staff costs.

  • Selling expenses were $32.5M in the first half year of 2019, a raise of 16.9% from $27.8M in the corresponding period of 2018.
  • General and administrative expenses were $38.1M in the first half year of 2019, a decrease of 52.6% from $80.2M in the corresponding period of 2018, mainly Because of the decrease in bad debt and staff costs.

Operating income from continuing operations was $17.2M in the first half year of 2019, contrast to an operating loss from continuing operations of $20.2M in the corresponding period of 2018, mainly Because of the decrease in operating expenses.

Change in fair value of securities for the first half year of 2019 was a loss of $16.5M, contrast to a loss of $125.2M in the corresponding period of 2018, mainly Because of the fluctuation in market price of investments in equity securities.

Income tax benefits were $9.5M in the first half year of 2019, a decrease of 71.7% from $33.5M in the corresponding period of 2018, primarily Because of the effect of change in fair value of equity securities and the reversal of before recorded ASC 740 (FIN 48) income taxes and interest.

Net income was $17.6M in the first half year of 2019, contrast to a net loss of $98.4M in the corresponding period of 2018.

In the liquidity ratio analysis; Fang Holdings Limited’s (SFUN) debt to equity ratio was 1.06 while current ratio was 1.20. The company has the institutional ownership of 50.90% while the Beta factor was 1.01. The stock’s RSI amounts to 52.60.

Alicia Gainey

Alicia Gainey–Technology and Energy My name is Alicia Gainey, and I am 31 years of age who is an industrialist rather than a writer. I need to grab the eye of my group of readers without sounding excessively dry and boring. I am that kind of individual who treasures his extra time by composing my contemplations and thoughts for my group of readers. My writing areas of interests are not kept to a particular field, I composed on numerous themes, however, technology and business articles are forever my top pick. I love to communicate through inventive modes, for example, drawing, singing, and composing. I love to invest my relaxation time with my adored cat, rest or by playing my preferred computer games.

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