BEIJING (dpa-AFX) - China Lodging Group, Limited (HTHT) reported third-quarter net income attributable to company of RMB 149.6 million, compared to RMB 124.9 million in the third quarter of 2013. Earnings per ADS was RMB 2.36, compared to RMB 2.00, prior year.
Excluding share-based compensation expenses, adjusted net income attributable to China Lodging Group for the third quarter of 2014 was RMB 165.5 million. Adjusted earnings per ADS was RMB 2.61, for the quarter.
Net revenues were RMB 1.39 billion, representing a 21.0% year-over-year increase.
The company expects net revenues for the fourth quarter of 2014 to grow 15.5% to 17.5% year-over-year. Therefore, the company expects net revenues for the full year of 2014 to grow 19% to 19.6%, slightly lower than the initial full year expectations it provided at the beginning of the year.
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