Bitauto (BITA) Misses Q2 EPS by 9c; Announces Management Change
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Bitauto Announces Second Quarter 2016 Results
August 9, 2016 6:56 AM EDTBEIJING, Aug. 9, 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 second quarter ended June 30, 2016[1].
Second Quarter 2016 Highlights[2]
Revenue in the second quarter of 2016 was RMB1.39 billion (US$209.4 million), a 31.1% increase from the corresponding period in 2015. Gross profit in the second quarter of 2016 was RMB850.5 million (US$128.0 million), a 24.7% increase from the corresponding period in 2015.... More