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Tuniu Corp. Q2 loss widens YOY

4980588 said its normalized net income for the second quarter came to a loss of 3.79 yuan per share, compared with the S&P Capital IQ consensus estimate of a loss of 4.48 yuan per share.

The per-share loss widened 89.2% year over year from 2.00 yuan.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 477.3 million yuan, compared with a loss of 153.9 million yuan in the year-earlier period.

The normalized profit margin declined to negative 20.2% from negative 10.1% in the year-earlier period.

Total revenue grew 55.6% on an annual basis to 2.36 billion yuan from 1.52 billion yuan, and total operating expenses increased 73.6% year over year to 3.14 billion yuan from 1.81 billion yuan.

Reported net income totaled a loss of 764.8 million yuan, or a loss of 6.07 yuan per share, compared to a loss of 246.1 million yuan, or a loss of 3.20 yuan per share, in the prior-year period.

s of Aug. 23, US$1 was equivalent to 6.64 yuan.Tuniu Corp.

4980588 said its normalized net income for the second quarter came to a loss of 3.79 yuan per share, compared with the S&P Capital IQ consensus estimate of a loss of 4.48 yuan per share.