Uxin Posts Breakeven Adjusted Earnings, Higher Revenue for Quarter Ended Sept. 30; Changes Fiscal Year

MT Newswires Live11-25

Uxin (UXIN) reported Monday breakeven adjusted earnings per diluted share for the quarter ended Sept. 30, compared with a loss of 0.03 renminbi ($0.004) a year earlier.

Revenue for the quarter was 497.2 million renminbi, up from 356.1 million renminbi a year earlier.

Analyst estimates were not available for comparison.

For the quarter ending Dec. 31, the company expects revenue to range from 560 million renminbi to 580 million renminbi. The company also anticipates positive adjusted earnings before interest, taxes, depreciation and amortization.

Uxin said its board has approved a change in the company's fiscal year to coincide with the calendar year, running from Jan. 1 to Dec. 31 instead of from April 1 to March 31.

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