Bitauto Announces Fourth Quarter and Fiscal Year 2019 Results
BITAUTO HOLDINGS (BITA)
Last bitauto holdings earnings: 3/26 06:00 am
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ir.bitauto.com
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Source: PR Newswire
BEIJING, March 26, 2020 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China's automotive industry, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019[1] .Bitauto Fourth Quarter and Fiscal Year 2019 HighlightsRevenue in the fourth quarter of 2019 was RMB2.69 billion (US$385.8 million), compared to RMB3.12 billion (US$448.1 million) in the corresponding period in 2018. Revenue in fiscal year 2019 was RMB10.75 billion (US$1.54 billion), a 1.6% increase from 2018. Gross profit in the fourth quarter of 2019 was RMB1.59 billion (US$228.4 million), compared to RMB1.69 billion (US$242.9 million) in the corresponding period in 2018. Gross profit in fiscal year 2019 was RMB6.51 billion (US$934.8 million), a 2.7% increase from 2018. Net loss in the fourth quarter of 2019 was RMB978.2 million (US$140.5 million),
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