Bitauto Announces Fourth Quarter and Fiscal Year 2019 Results
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Bitauto (BITA) Reports Q4 Loss of $1.16
March 26, 2020 6:03 AM EDTBitauto (NYSE: BITA) reported Q4 EPS of ($1.16). Revenue for the quarter came in at $385.5 million, versus $448.1 million reported last year.
Bitauto Fourth Quarter and Fiscal Year 2019 Highlights
Revenue in the fourth quarter of 2019 was RMB2.69 billion (US$385.8 million), compared to RMB3.12 billion (US$448.1 million) in the corresponding period in 2018. Revenue in fiscal year 2019 was RMB10.75 billion (US$1.54 billion), a 1.6% increase from 2018.Gross profit in the fourth quarter of 2019 was RMB1.59 billion (US$228.4 million), compared to RMB1.69 billion (US$242.9 million) in the corresponding period in 2018. Gross profit in fiscal year 2019 was RMB6.51... More