GDS Holdings Limited (GDS) Reports Q4 Loss of $0.10
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GDS Reports Fourth Quarter and Full Year 2019 Results
March 19, 2020 8:29 AM EDTSHANGHAI, China, March 19, 2020 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings, GDS or the Company) (NASDAQ: GDS), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter 2019 Financial Highlights
Net revenue increased by 42.2% year-over-year (Y-o-Y) to RMB1,179.2 million (US$169.4 million) in the fourth quarter of 2019 (4Q2018: RMB829.5 million).Service revenue increased by 39.9% Y-o-Y to RMB1,159.6 million (US$166.6 million) in the fourth quarter of 2019 (4Q2018: RMB829.1... More