BofA/Merrill Lynch Starts Bitauto Holdings (BITA) at Buy
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Bitauto Announces First Quarter 2015 Unaudited Financial Results
May 8, 2015 6:00 AM EDTBEIJING, May 8, 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 first quarter 2015 ended March 31, 2015[1].
First Quarter 2015 Highlights
Revenue in the first quarter of 2015 was RMB701.3 million (US$113.1 million), a 98.4% increase from the corresponding period in 2014. Gross profit in the first quarter of 2015 was RMB477.3 million (US$77.0 million), a 66.3% increase from the corresponding period in 2014. Non-GAAP... More