iCar Asia Limited
(ASX:ICQ) says it is expanding into Asia’s biggest automotive markets and gearing up for revenue growth this year.
The network of automotive portals boosted quarterly cash receipts by 162 per cent to over $1 million for the first time at the end of last year.
iCar Asia says all of its markets demonstrated strong growth in all core operating metrics in the December quarter 2014.
The company has also advised dealer engagement in both Malaysia and Indonesia increased significantly.
iCar Asia reported a net loss of $6 million in the first half of the 2014 calendar year.
