Soufun.com Operating Revenue Up 47.2% In Q4 2013February 17, 2014 | Print | Comments | Category: Internet
Chinese real estate information website Soufun.com published its financial report for the fourth quarter of 2013 financial year, stating that the company's operating revenue was USD217.2 million, a year-on-year increase of 47.2%; and its net profit was USD112.1 million, a year-on-year increase of 101%.
Meanwhile, based on U.S. GAAP, the company's net profit was USD126 million, a year-on-year increase of 93.5%.
Soufun.com's operating revenue was mainly derived from Internet marketing services, e-commerce services, real estate information publishing, and other value-added services. For details, the company's revenue from Internet marketing services was USD97.1 million, an increase of 21% from USD80.2 of same period last year; its revenue from e-commerce services was USD67.1 million, an increase of 67.2% from USD40.1 million; and its revenue from real estate information publishing was USD50 million, an increase of 91.5% from USD26.1 million.
The company also revealed that by December 31, 2013, Soufun.com had USD591.1 million cash, cash equivalents, and short-term investments.
The company predicted that in 2014 financial year, its total operating revenue is expected to reach between USD780 million and USD796 million, marking a year-on-year increase of 22.5% to 25%.
Image Credit: heromen30
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