7 Days Group Holdings Limited (SVN: Quote) reported that its second-quarter net income attributable to ordinary shareholders was RMB55.6 million or US$8.7 million, up from RMB45.1 million in the second quarter 2011.
Earnings per ADS were RMB1.11 or US$0.17 compared to earnings per ADS of RMB0.89 in the second quarter 2011.
Non-GAAP earnings per ADS were RMB1.22 or US$0.19 for the second quarter 2012, compared to non-GAAP earnings per ADS of RMB1.11 in the same period of 2011. Non-GAAP net income was RMB61.4 million or US$9.7 million, compared to Non-GAAP net income of RMB56.1 million for the second quarter 2011.
Total net revenues for the second quarter of 2012 totaled RMB632.7 million or US$99.6 million, representing a year-over-year increase of 27.3% from RMB497.1 million in second quarter 2011, primarily resulting from the continued growth in the number of hotels in operation.
Analysts polled by Thomson Reuters expected the company to report revenues of US640.89 million for the quarter. Analysts' estimates typically exclude special items.
The company expects to generate total net revenues in the range of RMB670 million to RMB685 million in the third quarter 2012. Analysts expect the company to report revenues of US$715.51 million for the third-quarter.
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by RTT Staff Writer
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