58.com Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of RMB 2,471,173,000 against RMB 1,988,271,000 a year ago. Income from operations was RMB 266,805,000 against RMB 77,911,000 a year ago. Income before taxes was RMB 275,628,000 against loss of RMB 18,882,000 a year ago. Net income attributable to the company was RMB 174,575,000 or RMB 0.58 per diluted share against loss of RMB 21,517,000 or RMB 0.07 per diluted share a year ago. Non-GAAP income from operations was RMB 411,552,000 against RMB 217,176,000 a year ago. Non-GAAP net income attributable to the company was RMB 305,750,000 against RMB 105,734,000 a year ago. Non-GAAP diluted earnings per ordinary share attributable to ordinary shareholders were RMB 1.02 against RMB 0.36 a year ago. Non-GAAP diluted earnings per ADS share was RMB 2.05 against RMB 0.72 a year ago. Net cash provided by operating activities was RMB 710.0 million compared with RMB 428.6 million in the same quarter of 2016. Basic and diluted earnings per ADS attributable to ordinary shareholders in the first quarter of 2018 were RMB 1.19 and RMB 1.17, respectively, compared with basic and diluted loss per ADS attributable to ordinary shareholders of RMB 0.15 in the same quarter of 2017.

Based on the company's current operations, total revenues for the second quarter of 2018 are expected to be between RMB 3,100 million and RMB 3,200 million. This represents a year-over-year increase of 19.6% to 23.4% in Renminbi amounts. These estimates reflect the Company's current and preliminary view, which is subject to change.