Bitauto Holdings Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Revenue Guidance for the Third Quarter of 2016
For six months, the company reported revenue of RMB 2,474,916,881, operating loss of RMB 78,013,452, loss before tax was RMB 96,221,195, net loss attributable to ordinary shareholders of the parent company were of RMB 157,462,782 and Non-GAAP net profit was RMB 193,959,393.
The company currently expects to generate revenue in the range of RMB 1.37 billion to RMB 1.42 billion in the third quarter of 2016. This forecast takes into consideration seasonality factors in Bitauto's business, and excludes any impact of foreign currency fluctuation. It reflects management's current and preliminary view, which is subject to change.