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Home Inns Group Reports Second Quarter 2014 Financial Results; 2,374 Hotels in Operation in 306 Cities in China

August 13, 2014



ENP Newswire - 13 August 2014

Release date- 12082014 - SHANGHAI - Home Inns & Hotels Management Inc. (NASDAQ: HMIN) ('Home Inns Group' or 'the Company'), a leading economy hotel chain in China, today announced its unaudited financial results for the second quarter ended June 30, 2014.

Second Quarter 2014 Financial Highlights

Total revenues increased 6.0% year over year to RMB 1.70 billion (US$273.8 million) for the second quarter of 2014, within the guidance range.

Net income attributable to ordinary shareholders was RMB 108.2 million (US$17.4 million) for the second quarter of 2014, compared with RMB 94.8 million in the same period a year ago. Adjusted net income attributable to ordinary shareholders (non-GAAP) increased 20.6% year over year to RMB 168.4 million (US$27.1 million).

EBITDA (non-GAAP) was RMB 380.4 million (US$61.3 million) for the second quarter of 2014, compared with RMB 348.7 million in the same period a year ago. Adjusted EBITDA (non-GAAP) increased 12.0% year over year to RMB 440.7 million (US$71.0 million) for the second quarter of 2014.

Key Financial Results: See Full Press Release at:

http://english.homeinns.com/phoenix.zhtml?c=203641&p=irol-newsArticle&ID=1958014&highlight=


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Source: ENP Newswire


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