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Home Inn reports losses on purchases, exchange rate
By STAFF EDITOR
Published: May 15, 2008 08:25 PM
Chinese budget hotel chain operator Home Inn (HMIN.NASDAQ) posted a net loss of US$7.18 million (RMB50.3 million) in the first quarter of the year despite a 94.9% surge in revenues to US$50.98 million (RMB357 million), China Business News reported. It was US$2.17 million (RMB15.2 million) in the red in the fourth quarter of last year. Home Inn CEO ...
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