eHi Car Services Limited (EHIC) Reports Q1 Loss of RMB0.03/Share

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eHi Car Services Announces First Quarter 2016 Results

May 23, 2016 6:00 PM EDT

SHANGHAI, May 23, 2016 /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 first quarter ended March 31, 2016.

First Quarter 2016 Highlights

Net revenues increased by 55.8% year-over-year to RMB460.5 million (US$71.4 million[1]) for the first quarter of 2016, from RMB295.5 million for the first quarter of 2015.

Three months ended March... More