Uxin Limited: Drops as Q2 loss widens, revenue plunges

Uxin

17/12/2020 11:52

** U.S.-listed shares of China's online used car dealer
 UXIN.O  drop 10% to $1.25 premarket    
    ** UXIN posts wider Q2 adj. net loss from continuing
operations of 274.6 mln yuan compared to loss of 203.5 mln yuan,
a year earlier  urn:newsml:reuters.com:*:nGNXbls7vr
    ** Co's Q2 revenue plunges 80.7% to 76.4 mln yuan ($11.70
mln) 
    ** UXIN says fall primarily due to drop in 2C transaction
volume and gross merchandise value (GMV) due to co transforming
its business model    
    ** Forecasts Q3 revenue to be in a range of 275 mln yuan to
290 mln yuan
    ** UXIN shares down 38.05% this year, as of last close


($1 = 6.5323 Chinese yuan renminbi)

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))