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Soufun.com Operating Revenue Up 47.2% In Q4 2013

February 17, 2014
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%.

Tags: e-commerce | Internet advertising | Internet marketing | online advertising | online marketing | property | real estate | Soufun

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