Bitauto (BITA) Tops Q2 EPS by 31c, Revenues Miss
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Bitauto Announces Second Quarter 2020 Results
August 24, 2020 6:00 AM EDTBEIJING, Aug. 24, 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 second quarter ended June 30, 2020[1].
Bitauto Second Quarter 2020 Highlights
Revenue in the second quarter of 2020 was RMB1.96 billion (US$276.9 million), compared to RMB2.79 billion (US$395.1 million) in the corresponding period in 2019. Gross profit in the second quarter of 2020 was RMB1.30 billion (US$184.4 million), compared to RMB1.67 billion... More