Chinacache International Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year of 2017
For the year, the company's net revenues were $1,054,235,000 compared to $1,353,627,000 a year ago. Operating loss was $505,220,000 compared to $118,964,000 a year ago. Loss before income taxes was $492,653,000 compared to $111,349,000 a year ago. Net loss was $496,882,000 compared to $88,735,000 a year ago. Net loss attributable to the company's shareholders was $496,106,000 compared to $88,691,000 a year ago. Diluted loss per ordinary share was $1.22 compared to $0.22 a year ago. Adjusted EBITDA loss was $236,867,000 compared to adjusted EBITDA of $120,183,000 a year ago. Adjusted net loss was $407,168,000 compared to $23,354,000 a year ago. Adjusted diluted loss per ordinary share was $1.00 compared to $0.13 a year ago. Non-GAAP operating loss was $401,955,000 compared to $42,625,000 a year ago.
The company currently expects to generate total net revenues in the range of RMB 1.18 billion to RMB 1.24 billion for the full year of 2017, representing year-over-year growth of approximately 12% to 18%. On a year-over-year basis, the company expects to see revenue growth starting from the second half of 2017.