21Vianet Loss Widens

(RTTNews) - 21Vianet Group Inc (VNET), the Chinese integrated Internet infrastructure services company, on Monday fourth-quarter net loss to stockholders of 174 million renminbis or $28 million, compared with a loss of 4.3 million renminbis in the prior year.

Loss per American depositary share or ADS for the quarter was 2.64 renminbis or $0.43, compared with a loss of 0.06 renminbis last year.

Excluding items, adjusted loss for the quarter was 0.18 renminbis or $0.03 per ADS, compared with a profit of 0.60 renminbis a year ago.

Revenues for the quarter were sharply higher at 853.9 million renminbis or $137.6 million, compared with 545.9 million renminbis last year.

Analysts polled by Thomson Reuters expected revenues of $835.9 million for the quarter.

Operating expenses for the quarter rose to 344.3 million renminbis or $55.5 from 131 million renminbis a year ago, hurting profits, the company said.

CEO Josh Chen said, "We ended 2014 on a strong note, as we saw continued strong growth momentum in our internet data center (IDC), content delivery network (CDN), and cloud businesses."

For the first quarter, the company expects revenues of 883 million renminbis to 925 million renminbis, while analysts expect 912.4 renminbis.

For the full year 2015, the company expects 3.91 billion renminbis to 4.11 billion renminbis, while analysts expect 3.98 billion renminbis.