ICar Asia Limited Announces Unaudited Consolidated and Parent Earnings Results for the Year Ended December 31, 2019; Provides Earnings Guidance for the Fiscal 2020
For the year, the parent company reported loss after income tax was AUD 8,949,309 against AUD 59,880,142 a year ago.
The outlook for 2020 remains promising with revenue currently expected to grow by at least 50% over the 2020 year. This will be achieved through consistent growth of the Group's core businesses, and the contribution from the Carmudi business for a full year.