Reebonz Announces Interim First Half 2019 Unaudited Financial Results
Reebonz Holding Limited - Ordinary Shares (RBZ)
Company Research
Source: GlobeNewswire
SINGAPORE, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Reebonz Holding Limited (the “Company” or “Reebonz”) (Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, today announced its unaudited financial results for the interim first half of 2019, ended June 30, 2019. First Half 2019 Financial Highlights GMV contribution from marketplaces increased to 63% in 1H 2019 from 51% in 1H 2018, and revenue contribution from marketplaces increased to 9% in 1H 2019 from 5% in 1H 2018 Annual revenue growth from marketplaces is 23% in 1H 2019 over 1H 2018Revenue was US$31.1 million, a decrease from US$44.3 million in 1H 2018Gross profit was US$7.8 million, a decrease from US$11.5 million in 1H 2018Gross profit margin was 24.9%, a decrease from 25.9% in 1H2018Operating loss was US$7.6 million, an increase in loss from US$5.4 million in 1H2018Operating loss margin was 24.5%, an increase from 12.2% in 1H2018Loss for the period was US$8.9 million, an improvement from a loss of US$
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