58.com Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Revenue Guidance for the Fourth Quarter of 2017
For the nine months period, the company reported total revenues of RMB 7,304,098,000 compared to RMB 5,497,354,000 a year ago. Income from operations was RMB 1,182,752,000 compared to RMB 40,178,000 a year ago. Income before tax was RMB 1,046,045,000 compared to loss of RMB 651,977,000 a year ago. Net income attributable to the company was RMB 871,011,000 or RMB 2.96 per diluted share compared to loss of RMB 645,791,000 or RMB 2.26 per basic and diluted share a year ago. Non-GAAP income from operations was RMB 1,596,643,000 compared to RMB 412,298,000 a year ago. Non-GAAP net income attributable to the company was RMB 1,245,971,000 or RMB 4.23 per diluted share compared to loss of RMB 230,941,000 or RMB 0.81 per basic and diluted share a year ago.
For the fourth quarter, the comp any expected total revenues to be between RMB 2,625 million and RMB 2,725 million. This represents a year-over-year increase of 25.3% to 30.1%. These estimates reflect the company's current and preliminary view, which is subject to change.