58.com (WUBA) Tops Q2 EPS by 46c
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58.com Reports Second Quarter 2017 Unaudited Financial Results
August 20, 2017 8:00 PM EDTBEIJING, Aug. 20, 2017 /PRNewswire/ --Â 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today reported its unaudited financial results for the second quarter ended June 30, 2017.
Second Quarter 2017 Financial Highlights
Total revenues were RMB2,593.3 million (US$382.8 million1), a 33.3% increase from the same quarter of 2016 in Renminbi amounts, exceeding the higher end of the Company's guidance of RMB2,350 million. Gross margin was 90.9% compared with 91.8% in the same quarter of 2016. Income from operations was RMB582.4 million (US$86.0 million), compared... More