12.08.2014 11:05:13

Tuniu Corp. Q2 Loss Widens, Despite Revenue Growth - Quick Facts

(RTTNews) - Tuniu Corp. (TOUR), an online leisure travel company in China, Tuesday reported a greater loss for the second quarter despite a significant growth in revenues. The huge loss reflected higher cost of revenues and escalated expenses in sales and marketing. The company 's net loss attributable to ordinary shareholders widened to RMB129.2 million or RMB 1.36 per share from RMB7.3 million or RMB0.28 per share a year ago. Excluding share-based compensation expenses, net loss attributable to ordinary shareholders was RMB110.3 million or RMB1.16 per share. Quarterly revenues soared 84.9 percent to RMB716.4 million from RMB387.35 million, primarily due to the growth in revenues from both organized tours and self-guided tours. Cost of revenues for the second quarter was RMB674.3 million, representing a year-over-year increase of 88.9 percent from RMB356.88 million last year. Looking ahead, for the third quarter, the company expects to generate revenues in the range of RMB1.2 billion- RMB1.23 billion.

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