China Lodging Group (HTHT) Reports Q2 EPS of RMB2.59, Offers Outlook
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China Lodging Group, Limited Reports Second Quarter of 2015 Results
August 17, 2015 4:30 PM EDTA total of 2,384 hotels or 246,344 hotel rooms in operation as of June 30, 2015 Net revenues increased 16.9% year-over-year to RMB1,457.8 million (US$235.1 million)1 for the second quarter of 2015, exceeding the high end of the guidance. Adjusted EBITDA (non-GAAP) increased 21.4% year-over-year to RMB377.9 million (US$60.9 million) for the second quarter of 2015. Adjusted EBITDA margin was 25.9%, improving from 25.0% in the second quarter of 2014. Net income attributable to China Lodging Group, Limited was RMB149.2 million (US$24.1 million) for the second quarter of 2015, an increase of 20.1% year-over-year. Excluding share-based compensation expenses, adjusted net income... More
