Brief: Uxin Q1 Revenue Rose 54.6 Percent To RMB 1.004 Billion

Uxin

10/06/2019 05:18

June 10 (Reuters) - Uxin Ltd  UXIN.O :
    * UXIN REPORTS UNAUDITED FIRST QUARTER OF 2019 FINANCIAL
RESULTS
    * Q1 REVENUE ROSE 54.6 PERCENT TO RMB 1.004 BILLION
    * SEES Q2 2019 REVENUE RMB 900 MILLION TO RMB 950 MILLION
    * NET LOSS WAS RMB285.0 MILLION (US$42.3 MILLION) IN Q1 OF
2019,
COMPARED TO A NET LOSS OF RMB839.4 MILLION IN SAME PERIOD LAST
YEAR
    * NON-GAAP ADJUSTED NET LOSS WAS RMB 231.3 MILLION (US$34.3
MILLION) IN Q1 OF 2019, COMPARED TO RMB 478.0 MILLION IN SAME
PERIOD LAST YEAR
    * AS OF MARCH 31, 2019, THE COMPANY HAD CASH AND CASH
EQUIVALENTS
OF RMB454.9 MILLION (US$67.6 MILLION)

Source text for Eikon:  ID:nGNX3LDc3n 
Further company coverage:  UXIN.O 

 ((Reuters.Briefs@thomsonreuters.com;))