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BEIJING--(BUSINESS WIRE)--

SouFun Holdings Limited (NYSE: SFUN - News) (SouFun or the Company), the leading real estate and home furnishing Internet portal in China, today announced its unaudited financial results for the first quarter of 2012.

First Quarter 2012 Highlights

Revenues grew 43.4% to US$58.5 million compared to the first quarter of 2011.

Operating income was US$13.7 million, an increase of 131.3% compared to the first quarter of 2011. Non-GAAP operating income was US$15.0 million, an increase of 89.0% compared to the first quarter of 2011.

Net income attributable to shareholders was US$14.5 million, an increase of 152.9% compared to the first quarter of 2011. Non-GAAP net income attributable to shareholders was US$14.2 million, an increase of 83.3% compared to the first quarter of 2011.

We are happy to deliver the 6th consecutive better than guidance results after IPO, said Vincent Mo, Executive Chairman of SouFun. SouFuns strong market leadership and sound fundamental plus its creative innovations made its great performance, even though Chinas real estate and home furnishing markets were very dynamic. In addition, we are pleased that SouFun successfully passed its first year SOX 404 audit after IPO and the company will continue its efforts to implement tight internal control.

Financial Results for First Quarter 2012

Revenues

For the first quarter of 2012, SouFun had total revenues of US$58.5 million, an increase of 43.4% compared to US$40.8 million for the same period of 2011. The increase primarily came from the New Home business line.

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SouFun Announces Unaudited First Quarter 2012 Results

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OMAHA, Neb. Late last Thursday, hours after Mitt Romney had wrapped up a large rally and one of the most successful fundraisers in Nebraska history, Gary Wilwerding was camped out with about a dozen others inside a small office in a strip mall here that was buzzing with activity.

(Mandel Ngan - AFP/Getty Images)

As he has done for six to eight hours most weeks, Wilwerding, a 64-year-old retiree, was working to train other volunteers and help piece together data gathered from neighborhood canvassing and phonebanking.

His objective: To defend the dot.

The dot would be the Omaha-based 2nd Congressional District, an area that then-Sen. Barack Obama (D-Ill.) narrowly won four years ago despite losing Nebraskas statewide vote to Sen. John McCain (R-Ariz.) by a 15-percentage-point margin.

That win wasnt for naught: Nebraska, along with Maine, is one of only two states in the country that award a portion of their electoral college votes by congressional district, meaning that Obama came away from deep-red Nebraska with one of the states five electoral college votes.

Six months out from November 2012, the Obama camp believes that in a close race, Omahas single vote could make all the difference. And volunteers like Wilwerding a self-described independent who has supported Republicans in the past are working to keep their hold on what has come to be known as Obamaha.

I think nationally, if this one little area has that one electoral vote again, it says something about the people of Nebraska ... that there are people in the Midwest here that are very committed to the ideals of the Democratic Party, Wilwerding said late last week in an interview at the Obama campaigns Omaha headquarters. I would hate people to think that thats not the way it is. Nebraskas got an opportunity, and last time, they came through with shining colors.

The 2008 election marked the first time in history that the Cornhusker State had split its electoral votes since a 1991 law made it one of only two states in the country able to do so.

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In Omaha, Obama campaign works to ‘defend the dot’

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