Phoenix Tree Holdings Limited (DNK) Reports Q1 Loss of $0.10 on Revenues of $273.9M
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Phoenix Tree Holdings Limited (NYSE: DNK) reported Q1 EPS of ($0.10). Revenue for the quarter came in at $273.9 million.
FINANCIAL AND OPERATING HIGHLIGHTS
All comparisons are made on a year-over-year ("yoy") basis.
For the Quarter Ended March 31, 2020
- Revenues increased 62.5% to RMB1,939.6 million (US$273.9 million) from RMB1,193.8 million.
- Net loss was RMB1,234.4 million (US$174.3 million) compared to RMB816.2 million. Net margin improved by 4.8 percentage points.
- Adjusted net loss (1) was RMB978.9 million (US$138.2 million) compared to RMB799.1 million. Adjusted net margin improved by 16.4 percentage points.
- Adjusted EBITDA (2) was negative RMB578.3 million (US$81.7 million) compared to negative RMB549.6 million. Adjusted EBITDA margin improved by 16.2 percentage points.
- The number of apartment units operated increased 46.8% to 419,030 units as of March 31, 2020, from 285,349 units as of March 31, 2019.
BUSINESS OUTLOOK
Based on current market and operating conditions, the Company expects revenues for the second quarter of 2020 to be between RMB1,850 million and RMB1,950 million. This forecast reflects the Company's current and preliminary views, which is subject to change and substantial uncertainties, particularly in view of the potential impact of the COVID-19 outbreak, the effects of which are difficult to analyze and predict.
For earnings history and earnings-related data on Phoenix Tree Holdings Limited (DNK) click here.
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