58.Com Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Third Quarter 2018
For the period, the company reported total Revenue was RMB 5,901,703,000 against RMB 4,581,578,000 a year ago. Income from operations was RMB 1,009,734,000 against income from operations of RMB 660,323,000 a year ago. Income before tax was RMB 1,112,634,000 against income before tax of RMB 605,044,000 a year ago. Net income attributable to the company was RMB 859,895,000 against net income attributable to the company of RMB 517,754,000 a year ago. Diluted net earnings per ordinary share attributable to ordinary shareholders were RMB 2.88 against diluted net earnings per ordinary share attributable to ordinary shareholders of RMB 1.76 a year ago. Non-GAAP income from operations was RMB 1,300,249,000 against RMB 933,285,000 a year ago. Non-GAAP net income attributable to the company was RMB 1,123,290,000 against non-GAAP net income attributable to the company of RMB 767,313,000 a year ago. Diluted non-GAAP net earnings per ordinary share attributable to was RMB 3.76 against diluted non-GAAP net earnings per ordinary share attributable to of RMB 2.61 a year ago.
Based on the company's current operations, total revenues for the third quarter of 2018 are expected to be between RMB 3,450 million and RMB 3,550 million. This represents a year-over-year increase of 26.7% to 30.4% in Renminbi amounts.