LatAm Autos Limited
(ASX:LAA) has announced its new product revenue for 2017 has exceeded management’s expectations.
The company says customers are using its new products, CarSync and MotorCredit more than expected.
CarSync is now generating more leads per day than any other Latin American auto product in Ecuador.
LatAm says its positive leads in Ecuador are a testament it can capture emerging market revenue.
It also says the strong growth is expected to bolster its 2017 first half results.
LatAm Autos Limited posted a net loss of $6.6 million at 30 June 2016.
