58.com (WUBA) Posts Q1 adj.-Loss of 54c/ADS
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58.com Reports First Quarter 2015 Unaudited Financial Results
May 25, 2015 8:00 PM EDTBEIJING, May 25, 2015 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online marketplace serving local merchants and consumers, today reported its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
Total revenues were US$87.1 million, an 80.5% increase from the same period last year; exceeding guidance of US$82.0 to US$84.0 million. Gross margin was 93.1%, compared with 94.9% during the same quarter of 2014. Net loss attributable to 58.com Inc. was US$52.4 million, compared with net... More