Autohome Q1 Profit Rises, Revenue Jumps - Quick Facts

By RTT News, 
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(RTTNews.com) - Autohome Inc. ( ATHM ), an online destination for automobile consumers in China, said first-quarter net income increased 62.5 percent to 121.9 million yuan ($19.6 million) from 75.0 million yuan in the prior year. Earnings per ordinary share climbed to 1.08 yuan from 0.74 yuan.

Adjusted net income was 136.9 million yuan, while it totaled 83.0 million yuan last year.

Net revenues increased 67.3 percent to 342.0 million yuan from from 204.4 million yuan, due to increases in the company's advertising services revenues and dealer subscription services revenues.

Autohome provided dealer subscription services to 12,659 dealer subscribers in the first quarter of 2014, up from 6,176 dealer subscribers in the same period in 2013.

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