Bitauto Announces Second Quarter 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, Sept. 5, 2019 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China's fast-growing automotive industry, today announced its unaudited financial results for the second quarter ended June 30, 2019[1].Bitauto Second Quarter 2019 HighlightsRevenue in the second quarter of 2019 was RMB2.79 billion (US$406.6 million), an 8.9% increase from the corresponding period in 2018. Gross profit in the second quarter of 2019 was RMB1.67 billion (US$243.8 million), a 3.1% increase from the corresponding period in 2018. Net loss in the second quarter of 2019 was RMB136.2 million (US$19.8 million), compared to net income of RMB27.4 million (US$4.0 million) in the corresponding period in 2018. Non-GAAP net income in the second quarter of 2019 was RMB216.0 million (US$31.5 million), compared to Non-GAAP net income of RMB353.7 million (US$51.5 million) in the corresponding
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