Hong Kong, 30 April 2015: 99 Wuxian, (ASX: NNW) (“99 Wuxian” or “the Company”) is pleased to provide its Appendix 4C quarterly cash flow report for the period ending 31 March 2015.
Operational performance
During the March 2015 quarter the Company generated revenue of RMB 34.7 million, up 26% over the previous corresponding period (“pcp”) and underlying2 earnings before interest, tax, depreciation and amortisation (“EBITDA”) of RMB 2.7 million, up 83% over the pcp.
The operational performance was driven by growth in the gross transaction value (GTV) on 99 Wuxian’s mobile marketplace. GTV for the quarter was RMB 2.6 billion, up 57% over the pcp. 99 Wuxian’s loyalty point redemption business, which commenced operations in the December 2013 quarter, is a rapidly growing high quality business segment and generated GTV of RMB 694.3 million for the quarter.
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