E-Commerce China Dangdang Q3 Loss Narrows - Quick Facts

(RTTNews) - E-Commerce China Dangdang Inc. (DANG), a business-to-consumer e-commerce company in China, reported that its third-quarter net loss attributable to shareholders narrowed to RMB 27.89 million or RMB 0.07 per share, from a loss of RMB 100.06 million or RMB 0.25 per share, last year. Loss per ADS was RMB 0.35, compared to a loss of RMB 1.25 prior year.

Net loss excluding share-based compensation expenses was RMB 25.2 million, compared to a loss excluding share-based compensation expenses of RMB 97.3 million, a year ago.

Gross Margin in the third-quarter of 2013 was 17.6%, compared to 15.2%, prior year.

Total net revenues rose to RMB 1.53 billion, from RMB 1.29 billion, prir year.

Dangdang expects total net revenue in the fourth-quarter to be around RMB 1.94 billion, representing year-over-year growth of around 20%.