Fang Holdings (SFUN) Reports Q1 Loss, Revenues Down Y/Y
Zacks Investment Research | Jun 17, 2019 10:26PM ET
Fang Holdings Limited (NYSE:SFUN) reported first-quarter 2019 non-GAAP net loss of 3 cents per share. Total revenues of $51.9 million decreased year over year due to a decline in revenues from listing and e-commerce services.
Fang Holdings completed the spin-off of its wholly-owned subsidiary, China Index Holdings Limited ("CIH") on Jun 11, 2019. The company’s first-quarter 2019 results do not include the separation of CIH and its associated business and results of operations. The company plans to remain focused on its core internet advertising, listing, and leads business lines, which are anticipated to grow throughout 2019.
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