Credit Suisse Upgrades Bitauto Holdings (BITA) to Outperform
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Bitauto Announces Fourth Quarter and Fiscal Year 2015 Results
March 8, 2016 5:10 AM ESTBEIJING, March 8, 2016 /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, 20151.
Fourth Quarter and Fiscal Year 2015 HighlightsÂ
Revenue in the fourth quarter of 2015 was RMB1.24 billion (US$191.3 million), a 27.1% increase from the corresponding period in 2014. Revenue in fiscal year 2015 was RMB4.01 billion (US$619.3 million), a 63.1% increase from 2014. Gross profit in the fourth... More