TuanChe (TC) Tops Q3 EPS by 7c, Revenues Beat

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TuanChe Announces Unaudited Third Quarter 2019 Financial Results

November 26, 2019 6:01 AM EST

BEIJING, Nov. 26, 2019 (GLOBE NEWSWIRE) -- TuanChe Limited (TuanChe or the Company) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the third quarter and first nine months ended September 30, 2019.              

Third Quarter 2019 Financial and Operating Highlights Compared with the Prior Year Period

Net revenues decreased by 12.7% to RMB135.6 million (US$19.0 million) from RMB155.3 million.

Gross profit decreased by 14.5% to RMB93.2 million (US$13.0 million) from RMB109.1 million.... More