Last $1.49 USD
Change Today +0.2076 / 16.19%
Volume 54.6K
CTC On Other Exchanges
Symbol
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New York
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

ifm investments ltd-ads (CTC) Snapshot

Open
$1.34
Previous Close
$1.28
Day High
$1.50
Day Low
$1.34
52 Week High
08/30/13 - $2.67
52 Week Low
05/28/14 - $0.89
Market Cap
22.2M
Average Volume 10 Days
74.5K
EPS TTM
$-1.55
Shares Outstanding
14.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IFM INVESTMENTS LTD-ADS (CTC)

ifm investments ltd-ads (CTC) Related Businessweek News

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ifm investments ltd-ads (CTC) Details

IFM Investments Limited, through its subsidiaries, provides real estate services in the People's Republic of China. It operates through four segments: Company-Owned Brokerage Services, Franchise Services, Mortgage Management Services, and Primary and Commercial Services. The company offers property listing, advisory, and transaction negotiation and documentation services, as well as participates in the sale and lease of residential properties in the secondary real estate market. Its primary and commercial services consist of agency services, including planning, consulting, and brokerage services to commercial and residential property developers. The company’s mortgage management services include advisory services to home buyers and home owners in connection with the selection and procurement of home mortgage and home equity products offered by commercial banks; and property financing, title transfers, and valuation services. Its franchise services comprise a provision to use the license or sub-franchise CENTURY 21 brand and system; training services; and the right to participate in marketing campaigns. The company also offers software development and licensing services; and fund management services. IFM Investments Limited was founded in 2000 and is headquartered in Beijing, the People's Republic of China.

6,087 Employees
Last Reported Date: 04/25/14
Founded in 2000

ifm investments ltd-ads (CTC) Top Compensated Officers

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Executives, Board Directors

ifm investments ltd-ads (CTC) Key Developments

IFM Investments Limited Announces Unaudited Consolidated Financial Results for the Second Quarter Ended June 30, 2014

IFM Investments Limited announced unaudited consolidated financial results for the second quarter ended June 30, 2014. Consolidated net revenue was RMB 122.6 million ($19.8 million), a decrease of 9.1% from the first quarter of 2014, and a decrease of 42.2% from the second quarter of 2013. The sequential decrease was primarily due to a decrease in revenue from primary and commercial services provided by the company's Shanggu business unit. Net loss attributable to the company was RMB 38.8 million ($6.3 million), compared to a net loss attributable to the company of RMB 47.5 million in the first quarter of 2014, and a net loss attributable to the company of RMB 23.7 million in the second quarter of 2013. Net loss attributable to the company in the second quarter of 2014 included restructuring costs, primarily store closure-related costs, of approximately RMB 7.1 million ($1.1 million). Loss from operations was RMB 49.9 million ($8.0 million), compared to loss from operations of RMB 54.9 million in the first quarter of 2014, and loss from operations of RMB 30.6 million in the second quarter of 2013. Non-GAAP loss from operations was RMB 49.9 million ($8.0 million), compared to non-GAAP loss from operations of RMB 54.9 million in the first quarter of 2014, and non-GAAP loss from operations of RMB 32.1 million in the second quarter of 2013. Basic and diluted net loss per American depositary share was RMB 2.61 ($0.42) and RMB 2.61 ($0.42), respectively. Non-GAAP basic and diluted net loss per ADS was RMB 2.61 ($0.42) and RMB 2.61 ($0.42), respectively. Each of the Company's ADSs represents 45 Class A ordinary shares. Net cash used in operating activities in the second quarter of 2014 was RMB 62.2 million ($10.0 million), compared to net cash used in operating activities of RMB 48.2 million in the first quarter of 2014, and net cash used in operating activities of RMB 33.6 million in the second quarter of 2013. The sequential increase was mainly due to the expansion of the Company's property refinancing activities in the second quarter of 2014. The year-over-year increase was mainly due to an increase in operating loss and the expansion of the Company's property refinancing activities in the second quarter of 2014. Loss before income tax and share of associates' income was RMB 47.5 million against RMB 28.1 million a year ago.

Century 21 China Real Estate's Continued Listing Plan Accepted By NYSE

IFM Investments Limited announced that the New York Stock Exchange, Inc. ("NYSE") has accepted the company's plan for continued listing on the NYSE. As previously disclosed, Century 21 China Real Estate received notification from the NYSE on March 12, 2014, that the Company had fallen below the NYSE's continued listing criteria requiring that it maintain an average global market capitalization of at least $50 million over a consecutive 30 trading-day period or total shareholders' equity of $50 million. As a result of the NYSE's acceptance of the Plan, the Company's American depositary shares representing its ordinary shares will continue to be listed subject to quarterly reviews by the NYSE to ensure the Company's progress toward its plan to regain compliance with the continued listing standards. The Company has 18 months from the original notification date to regain compliance with the average global market capitalization standard or the minimum shareholders' equity standard, subject to its compliance with the NYSE's other continued listing requirements.

IFM Investments Limited to Report Q2, 2014 Results on Aug 19, 2014

IFM Investments Limited announced that they will report Q2, 2014 results at 9:00 AM, China Standard Time on Aug 19, 2014

 

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