SouFun Holdings Limited, one of the leading real estate and home furnishing Internet portals in China, announced its unaudited financial results for the second quarter ended June 30, 2012 and its dividend plan.
Vincent Mo, Executive Chairman of SouFun commented that even under China’s volatile real estate market conditions, the company could report another solid quarter. “Our solid fundamentals with strong brand, effective website platform, innovative products and services supported our continued growth. We believe that China’s real estate market is stabilising and SouFun is well positioned to capture the immense opportunities in China’s real estate and home furnishing industries,” said Mr. Mo.
Second Quarter 2012 Highlights
- Revenues in the second quarter of 2012 were US$97.0 million, a 20.4% increase from the corresponding period in 2011.
- Operating income in the second quarter of 2012 was US$47.0 million, a 27.3% increase from the corresponding period in 2011. Non-GAAP operating income in the second quarter of 2012 was US$48.2 million, a 25.7% increase from the corresponding period in 2011.
- Net income attributable to shareholders recorded a year-over-year increase of 41.1% to US$32.3 million, or US$0.40 per fully diluted share. Non-GAAP net income attributable to shareholders recorded a year-over-year increase of 21.1% to US$38.8 million, or US$0.48 per fully diluted share.
First Half 2012 Highlights
- Revenues in the first half of 2012 were US$155.5 million, a 28.1% increase from the corresponding period in 2011.
- Operating income in the first half of 2012 was US$60.7 million, a 41.7% increase from the corresponding period in 2011. Non-GAAP operating income in the first half of 2012 was US$63.1 million, a 36.5% increase from the corresponding period in 2011.
- Net income attributable to shareholders recorded a year-over-year increase of 63.5% to US$46.9 million, or US$0.58 per fully diluted share. Non-GAAP net income attributable to shareholders recorded a year-over-year increase of 33.2% to US$52.9 million, or US$0.65 per fully diluted share.
Dividend
SouFun’s Board of Directors has approved a cash dividend of US$1.00 per share on the Company’s ordinary shares. Each of the SouFun’s American depositary shares (“ADS”) represents one ordinary share. SouFun plans to make the dividend payment in the third quarter of 2012.
