Brean Capital Downgrades Bitauto Holdings (BITA) to Hold
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Bitauto Announces Fourth Quarter and Fiscal Year 2014 Results
March 9, 2015 6:48 AM EDTBEIJING, March 9, 2015 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of Internet content and marketing services for China's fast-growing automotive industry, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014[1].
Fourth Quarter and Fiscal Year 2014 Highlights
Revenue in the fourth quarter of 2014 was RMB975.2 million (US$157.2 million), a 101.7% increase from the corresponding period in 2013. Revenue in fiscal year 2014 was RMB2.46 billion (US$396.3 million), a 70.8% increase from 2013. Gross profit in the... More