Home Inns & Hotels Management Inc. Q4 Earnings Retreat 45%

(RTTNews) - Home Inns & Hotels Management Inc. (HMIN) released a profit for fourth quarter that decreased compared to the same period last year.

The company said its profit declined to RMB61.48 million, or RMB0.64 per share. This was down from RMB110.94 million, or RMB1.13 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 2.6% to RMB1.58 billion. This was up from RMB1.54 billion last year.

Home Inns & Hotels Management Inc. earnings at a glance:

-Earnings (Q4): RMB61.48 Mln. vs. RMB110.94 Mln. last year. -Earnings Decline (Y-o-Y): -44.6% -EPS (Q4): RMB0.64 vs. RMB1.13 last year. -EPS Decline (Y-o-Y): -43.4% -Revenue (Q4): RMB1.58 Bln vs. RMB1.54 Bln last year. -Revenue Change (Y-o-Y): 2.6%