Bitauto Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Guidance for the First Quarter of 2019
For the year, the company reported revenue of RMB 10,579,609,000 as compared to RMB 8,751,259,000 for the same period last year. Loss from operations was RMB 465,506,000 as compared to RMB 1,076,593,000 for the same period last year. Net loss was RMB 679,316,000 as compared to RMB 1,426,988,000 for the same period last year.
Bitauto currently expects to generate revenue in the range of RMB 2.47 billion (USD 359.2 million) to RMB 2.52 billion (USD 366.5 million) in the first quarter of 2019, representing a 13.8% to 16.1% increase from the corresponding period in 2018.