Boston, MA 08/08/2014 (wallstreetpr) – SouFun Holdings Ltd (NYSE:SFUN) on August 7, 2014 announced its Q2 2014 financial results, in an audited form. After declaring the financial report, the company also announced cash dividend to be paid to the shareholders on record as of August 18, 2014. The dividend shall be paid on August 29, 2014.
Q2 2014 Financial Report Card Of Soufun
Revenue: The Company reported that the Q2 2014 revenue summed up at $168.2 million, a surge of 16.7% from same quarter in the previous year. The reason for an increase in revenue was attributed to growth in primarily marketing sector.
Operating Income: The operating income of Soufun Holdings Ltd (NYSE:SFUN) for Q2 totalled at $81.7 million, an increase of 7.8% from Q2 2013. As far as non-GAAP operating income was concerned, it reached $83.2 million mark, an increase of 7.3% from Q2 2013.
Operating Expenses: the operating expenses of company stood at $57.6 million for Q2 2014, a jump of $42.4 million from Q2 2013.
Net Income and EPS: The net income summed up at $68.2 million in the second quarter of the present year, in comparison to $55.4 million in second quarter of previous year. The fully-diluted Earnings per ADS (American Depository Share) for Q2 2014 were $0.15, an increase of 15.4% from same period in the previous year, when EPS totalled at $0.13.
Cost of Revenue: This amount summed up at $29.3 million for Q2 2014 from $26.1 million in the same time period in 2013. Increase of 12.1% from previous year was mainly because of VAT taxes and increase in the cost of staff.
What Executive Chairman said on Company’s Quarterly Financial Report?
The Executive Chairman of SouFun Holdings Ltd, Vincent Mo said that this was the slowest-growing quarter of Soufun Holdings Ltd (NYSE:SFUN) ever since it went IPO four years ago. He called for immediately transition and transformation approach.
