Fang Holdings Limited announced unaudited consolidated earnings results for the third quarter ended September 30, 2018. For the quarter, the company announced total revenues of $83,600,000 compared to $112,183,000 for the same period a year ago. Operating income was $15,258,000 compared to $18,363,000 for the same period a year ago. Interest income was $4,877,000 compared to $3,196,000 for the same period a year ago. Income before income taxes and non-controlling interests was $5,379,000 compared to $19,357,000 for the same period a year ago. Net income was $2,278,000 compared to $15,233,000 for the same period a year ago. Basic earnings per share for Class A and Class B ordinary shares were $0.03 compared to $0.17 a year ago. Basic earnings per ADS were $0.01 compared to $0.03 a year ago.

Based on current operations and market conditions, company non-GAAP net income is expected to be profitable for the fiscal year ending December 31, 2018. These estimates represent management's current and preliminary view, which are subject to change.