China Lodging Group (HTHT) Tops Q2 EPS by 3c

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Go back to China Lodging Group (HTHT) Tops Q2 EPS by 3c

Huazhu Group Limited Reports Second Quarter of 2018 Financial Results

August 22, 2018 5:00 PM EDT

A total of 3,903 hotels or 393,417 hotel rooms in operation as of June 30, 2018.Net revenues increased 25.9% year-over-year from RMB2,002.4 million to RMB2,521.3 million (US$381.0 million) [1] for the second quarter of 2018, hitting high-end of Q2 revenue guidance.Income from operations increased 53.2% year-over-year from RMB438.0 million to RMB671.0 million (US$101.4 million) for the second quarter of 2018. The operating margin improved from 21.9% to 26.6%.Net income attributable to Huazhu Group Limited was RMB338.4 million (US$51.1 million) for the second quarter of 2018, compared... More