SouFun Q3 2012 Profit Up 13% YoY
Soufun, 11/12/12
Chinese online real estate site Soufun (NYSE: SFUN) has released its unaudited financial results for the third quarter ended September 30, 2012. Q3 2012 revenue was USD 127.2 mln, representing an increase of 17.1% YoY from the corresponding period in 2011.
Net income attributable to shareholders was USD 49.2 mln, an increase of 14.7% YoY from 2011.
Revenue from marketing services was USD 79.7 mln, down 2.4% YoY from the corresponding period in 2011.
Revenue from listing services was USD 20.3 mln for the third quarter of 2012, an increase of 23.6% YoY from the corresponding period in 2011. The growth was attributed to the general recovery in the secondary real estate market and new revenue from the SouFun Online Shop, which has been testing in ten major Chinese cities.
Revenue from e-commerce services was USD 25.6 mln for the third quarter of 2012, up 169.5% YoY from USD 9.5 mln in 2011. The increase was attributed to the increasing market acceptance of SouFun membership services. The company began offering paid SouFun membership services to property buyers to facilitate their transactions with property developers from the second quarter of 2011.
Revenue from other value-added services and products was USD 1.6 mln for the third quarter of 2012, an increase of 61.3% YoY from the corresponding period in 2011.
SouFun has raised its 2012 revenue guidance from between USD 390.0 mln and USD 410.0 mln to between USD 400.0 mln and USD 420.0 mln, representing a YoY increase of 16.6% to 22.2%
To view the complete report please see here.
Keywords: Internet profit revenue online real estate SFUN fiscal report transaction volume Q3 2012
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