Home Inns Group Reports Second Quarter 2014 Financial Results — Shanghai, Aug. 12, 2014 /prnewswire/ —

Banker & Tradesman

GAAP, Home Inns Group uses the following non-GAAP measures: (a) total operating costs and expenses excluding share-based compensation expenses and acquisition and integration costs (b) total leased-and-operated hotel costs excluding share-based compensation expenses and integration costs (c) personnel costs of franchised-and-managed hotels excluding share-based compensation expenses (d) sales and marketing expenses excluding share-based compensation expenses (e) general and administrative expenses excluding share-based compensation expenses and acquisition and integration costs (f) income from operations excluding share-based compensation expenses and acquisition and integration costs (g) adjusted net income attributable to shareholders excluding any share-based compensation expenses, foreign exchange gain or loss, acquisition and integration cost, upfront fee amortization of term loan, gain or loss from fair value change of convertible notes and interest swap derivatives and other non-operating expenses (h) adjusted basic and diluted earnings per ADS and per share excluding foreign exchange gain or loss, share-based compensation expenses, gain on buy-back of convertible bonds, issuance costs for convertible notes, gain or loss from fair value change of convertible notes, acquisition and integration cost, non-operating expenses and upfront fee amortization of term loan, and (i) adjusted EBITDA excluding foreign exchange gain or loss, share-based compensation expenses, gain on buy-back of convertible bonds, issuance costs for convertible notes, gain or loss from fair value change of convertible notes, acquisition and integration costs, non-operating expenses and upfront fee amortization of term loan The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release. Home Inns Group believes that, used in conjunction with GAAP financial measures, these non-GAAP financial measures provide meaningful supplemental information regarding the Group’s performance, and both management and investors benefit from referring to these non-GAAP financial measures in assessing the Group’s performance and when planning and forecasting future periods. Management believes that EBITDA, defined as earnings before interest, income tax expense, depreciation and amortization, is a useful financial metric to assess Home Inns Group’s operating and financial performance before the impact of investing and financing transactions and income taxes. http://www.prnewswire.com/news-releases/home-inns-group-reports-second-quarter-2014-financial-results-270970641.html

A subcommittee of the ZBA will meet every other Thursday to hear requests for variances including one- and two-family owner-occupied residential projects. The first hearing will be Sept. 11. Applicants interested in having appeals heard by the subcommittee can call (617) 635-5300. http://www.bankerandtradesman.com/news160692.html

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