SHANGHAI, Nov. 10, 2010 /PRNewswire via COMTEX/ -- Home Inns & Hotels Management Inc. /quotes/comstock/15*!hmin/quotes/nls/hmin (HMIN 46.01, +0.06, +0.13%) , a leading economy hotel chain in China, today announced its unaudited financial results for the quarter ended September 30, 2010.
Third Quarter 2010 Financial Highlights Total revenues for the third quarter increased 20.9% year over year to RMB 879.5 million (US$131.5 million), within the guidance range of RMB 875 million to RMB 895 million.
Net income attributable to Home Inns' shareholders for the quarter was RMB 144.6 million (US$21.6 million), including share-based compensation expenses of RMB 14.2 million (US$2.1 million) and foreign exchange loss of RMB 1.7 million (US$0.3 million). This compared to a net income attributable to Home Inns' shareholders of RMB 86.7 million in the third quarter of 2009, which included share-based compensation expenses of RMB 7.8 million and gain on buy-back of convertible bonds of RMB 4.3 million.
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