Bitauto (BITA) Misses Q1 EPS by 46c
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Bitauto Announces First Quarter 2016 Results
May 12, 2016 7:05 PM EDTBEIJING, May 12, 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 first quarter ended March 31, 2016[1].
First Quarter 2016 Highlights[2]
Revenue in the first quarter of 2016 was RMB1.08 billion (US$168.0 million), a 46.3% increase from the corresponding period in 2015. Gross profit in the first quarter of 2016 was RMB731.0 million (US$113.4 million), a 46.5% increase from the corresponding period in 2015. Non-GAAP net... More