58 city in the first quarter of this year, the results show that a total of 58 of the city’s total of $100 million to share the loss of $58 to three.
58 city shares
58 city recently released the third quarter ended September 30, 2016 unaudited financial report. Reported that 58 city revenue in the third quarter of $306 million 500 thousand, an increase of 43.9%.
under U.S. GAAP (GAAP), third quarter net loss attributable to the company in the city of $29 million 900 thousand for the same period last year, a net loss of $20 million 600 thousand last year.
58 city financial report also shows some of the revenue and loss of its O2O home service platform 58 home.
in the third quarter of this year, with the city held by the city’s 58 to calculate the common stock, the city’s share of the loss of $58 to $53 million 100 thousand to $58. But did not disclose the results of the 58 city in the proportion of home ownership in the home, and therefore can not calculate the total loss of 58 to 58.
but 58 city in the first quarter of this year, the second quarter earnings are disclosed, the city held a total of 58 of the city’s home to the ordinary shares of 87.9% to 58.
in the first quarter of this year, 58 of the city’s share of the loss of $58 to $21 million 100 thousand, can be calculated, the first quarter loss of $58 to $24 million.
in the second quarter of this year, the city’s share of the loss of $58 to $31 million 800 thousand, the calculation is available, the 58 quarter of $second loss of $36 million 180 thousand.
in the first three quarters of this year, a total of 58 of the city’s total of $105 million 600 thousand to share the loss of $58.
58 city earnings did not disclose the specific data of the 58 revenue and other operational aspects.
last October, 58 home from the split of the independent development of the group of 58, and access to the A round of $300 million financing, investors, including Alibaba group, the global investment giant KKR and Ping An venture capital. 58 city said that after the completion of the equity financing agreement, the city still retains 58 of the majority of the equity home to 58. After the financing, 58 home valuation of more than $1 billion. After this round of financing, 58 home did not disclose new financing information.
58 city shares fell $6.85 in regular trading on Thursday, to close at $33.35, down 17.04%. Over the past 52 weeks, the highest price of $70.27 in the city of $58, a minimum of $33.13.