58.com Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenues of RMB 1,945,130,000 against RMB 2,593,307,000 a year ago. Income from operations was RMB 230,705,000 against RMB 582,412,000 a year ago. Income before tax was RMB 105,588,000 against RMB 623,926,000 a year ago. Net income attributable to the company was RMB 90,103,000 against RMB 539,271,000 a year ago. Non-GAAP income from operations was RMB 360,068,000 against RMB 716,109,000 a year ago. Non-GAAP net income attributable to the company was RMB 133,753,000 against RMB 661,578,000 a year ago. Diluted non-GAAP net earnings per ordinary share attributable to was RMB 0.46 against RMB 2 a year ago.

For the period, the company reported total Revenue was RMB 3,454,705,000 against RMB 4,581,578,000 a year ago. Loss from operations was RMB 103,069,000 against income from operations of RMB 660,323,000 a year ago. Loss before tax was RMB 445,059,000 against income before tax of RMB 605,044,000 a year ago. Net loss attributable to the company was RMB 446,367,000 against net income attributable to the company of RMB 517,754,000 a year ago. Diluted net loss per ordinary share attributable to ordinary shareholders was RMB 2 against diluted net earnings per ordinary share attributable to ordinary shareholders of RMB 2 a year ago. Non-GAAP income from operations was RMB 146,037,000 against RMB 933,285,000 a year ago. Non-GAAP net loss attributable to the company was RMB 212,767,000 against non-GAAP net income attributable to the company of RMB 767,313,000 a year ago. Diluted non-GAAP net loss per ordinary share attributable to was RMB 1 against diluted non-GAAP net earnings per ordinary share attributable to of RMB 3 a year ago.

The company provides earnings guidance for the third quarter 2017. Total revenues for the third quarter of 2017 are expected to be between RMB 2,550 million and RMB 2,650 million. This represents a year-over-year increase of 24.8% to 29.7% in Renminbi amounts.