eHi Car Services Limited (EHIC) Swings to Q2 Loss

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eHi Car Services Announces Second Quarter 2015 Results

August 20, 2015 6:00 AM EDT

SHANGHAI, Aug. 20, 2015 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rentals and car services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2015.

Second Quarter 2015 Highlights

Net revenues increased by 69.4% year-over-year to RMB339.9 million (US$54.8 million[1]) for the second quarter of 2015 from RMB200.6 million for the second quarter of 2014.

Three months ended June... More