Bitauto (BITA) Reports Q4 Loss of $1.16

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Go back to Bitauto (BITA) Reports Q4 Loss of $1.16

Bitauto Announces Fourth Quarter and Fiscal Year 2019 Results

March 26, 2020 6:00 AM EDT

BEIJING, March 26, 2020 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China's automotive industry, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019[1] .

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.... More