58.com (WUBA) Tops Q4 EPS by 11c
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58.com Reports Fourth Quarter And Fiscal Year 2016 Unaudited Financial Results
February 27, 2017 5:01 PM ESTBEIJING, Feb. 27, 2017 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place serving local merchants and consumers, today reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2016.
Fourth Quarter 2016 Financial Highlights
Total revenues were US$306.6 million (RMB2,094.8 million), a 28.5% increase from the same quarter last year in Renminbi amounts, exceeding the higher end of the Company's guidance of RMB2,080.0 million. Gross margin was 89.9%, compared with 91.9% in the same quarter of 2015. Income from... More