Leju Holdings Turns To Profit In Q1 - Quick Facts

(RTTNews) - Leju Holdings Limited (LEJU), online-to-offline or O2O" real estate services provider in China, said that net income attributable to shareholders for the first-quarter was $2.2 million or $0.02 per ADS, compared to net loss of $9.8 million or $0.08 per ADS for the same quarter of 2013.

Non-GAAP net income attributable to shareholders was $7.7 million or $0.06 per ADS, compared to a non-GAAP net loss of $4.3 million or $0.04 per ADS last year.

Total revenues were $78.5 million, an increase of 97% from $39.8 million for the same quarter of 2013, mainly driven by growth of revenues from e-commerce services.

The company estimates that its fiscal 2014 total revenues will be approximately $500 million to $520 million, which would represent an increase of approximately 49% to 55% from $335.4 million in 2013.