Result highlights
99 Wuxian delivers strong financial performance underpinned by exceptional operating performance...
Strong financial performance in 1H15, highlighted by:
– Net revenue of RMB 81.0mm (AUD 16.6mm1), up 28% on the prior corresponding period (“pcp”)
– Gross margin expansion to 64%, up from 47% in the pcp
– Underlying EBITDA of RMB 5.4mm (AUD 1.1mm)
– Underlying profit before tax of RMB 3.2mm (AUD 0.7mm)
– Cash and cash equivalents of RMB 34.1mm (AUD 7.2mm), up 52% on the pcp
Financial result underpinned by exceptional 1H15 operating performance:
– Gross Transaction Value of RMB 5.3bn (AUD 1.1bn), up 57% on the pcp
– 20.1mm transactions on the platform, up 86% on the pcp
– Registered user base increased over 14.5mm since 1H14 to 45.6mm
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