GreenTree Hospitality Group Ltd. (GHG) Tops Q4 EPS by 2c, Revenues Miss
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GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2018 Financial Results
March 14, 2019 6:03 AM EDTA total of 2,757Â hotels with 221,529 hotel rooms were in operation as of December 31, 2018, compared to 2,558 hotels and 209,463 hotel rooms as of September 30, 2018, and compared to 2,289 hotels and 190,807 hotel rooms as of December 31, 2017. Total revenues increased 20.8% from the fourth quarter of 2017 to RMB249.9 million (US$36.3 million)[1] for the fourth quarter of 2018. Total revenues increased 21.4% year-over-year to RMB945.0 million (US$137.4 million)[1] for the full year 2018. Adjusted EBITDA (non-GAAP) increased 35.2% from the fourth quarter of 2017 to RMB160.1 million (US$23.3... More
