Qingke Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
Q&K International Group Limited - American Depositary Shares (QK)
Company Research
Source: GlobeNewswire
SHANGHAI, China, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Q&K International Group Limited (NASDAQ: QK) (“Qingke” or the “Company”), a leading technology-driven long-term apartment rental platform in China, today announced its unaudited financial results for the fourth quarter and for the fiscal year ended September 30, 2019. Fourth Quarter of Fiscal Year 2019 Financial Highlights Net revenues were RMB335.8 million (US$47.0 million), an increase of 13.1% from RMB296.9 million in the same quarter of fiscal year 2018. Net loss attributable to the Company was RMB125.1 million (US$17.5 million), a decrease of 29.0% from RMB176.3 million in the same quarter of fiscal year 2018. EBITDA1(Non-GAAP) was negative RMB45.2 million (negative US$6.3 million), a decrease of 57.5% from negative RMB106.4 million in the same quarter of fiscal year 2018. Adjusted EBITDA1(Non-GAAP) was negative RMB31.4 million (negative US$4.4 million), a decrease of 46.9% from negative RMB59.1 million in the same period of
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