BitAuto Holdings Company - ADR

NYSE:BITA   1:57:03 PM EDT
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Other Pre-Announcement

Bitauto Reports Q4 Revenue RMB 2.69 Bln

Published: 03/26/2020 11:34 GMT
Bitauto Holdings Ltd (BITA) - Bitauto Announces Fourth Quarter and Fiscal Year 2019 Results.
Q4 Revenue Rmb 2.69 Billion Versus Rmb 3.12 Billion.
Basic and Diluted Net Loss per Ads in Q4 of 2019 Amounted to Rmb12.95 (us$1.86) and Rmb12.95 (us$1.86).
Expects to Generate Revenue in Range of Rmb1.70 Billion (us$244.2 Million) to Rmb1.80 Billion (us$258.6 Million) in Q1 of 2020.
Automobile Industry in China Remained Challenging in Q4 of 2019.
Strategic Investments in Branding Will Weigh on Profitability in Near-term.