58.com Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Revenue Guidance for the Fourth Quarter of 2018
For the nine months period, the company reported total revenues of RMB 7,304,098,000 compared to RMB 9,528,504,000 a year ago. Income from operations was RMB 1,680,286,000 compared to RMB 1,182,752,000 a year ago. Income before tax was RMB 1,886,906,000 compared to RMB 1,046,045,000 a year ago. Net income attributable to the company was RMB 1,586,059,000 or RMB 5.29 per diluted share compared to RMB 871,011,000 or RMB 2.96 per basic and diluted share a year ago. Non-GAAP income from operations was RMB 2,156,775,000 compared to RMB 1,596,643,000 a year ago. Non-GAAP net income attributable to the company was RMB 1,966,769,000 or RMB 6.56 per diluted share compared to RMB 1,245,971,000 or RMB 4.23 per basic and diluted share a year ago.
For the fourth quarter, the company expected total revenues to be between RMB 3.5 billion and RMB 3.6 billion, a 26.6% and 30.2% year-over-year growth rate respectively.