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iCar Asia posts better than expected earnings figures as ASEAN car market continues to expand
Car portal operator iCar Asia (ASX: ICQ) has announced better than expected financial performance figures after reaching earnings breakeven in November, one month earlier than it forecast earlier this year. iCar stated that its incremental improvements over the past year including an earnings accretive acquisition of Carmudi have contributed to achieving positive EBITDA (earnings before interest, […]
iCar Asia reports ‘strong’ performance for quarter as Carmudi Indonesia acquisition comes into view
Car portal operator iCar Asia (ASX: ICQ) has published an upbeat periodic financial update for this year’s third quarter with the company now homing in to achieve breakeven EBITDA by the end of the year. The company claims to be the number one network of digital automotive marketplaces amongst the Association of Southeast Asian Nations […]
Indonesian acquisition expected to drive iCar Asia’s regional revenue growth
Automotive portal network iCar Asia (ASX: ICQ) has struck a $4.4 million cash deal with Carmudi Indonesia to acquire its vehicle sales website. The acquisition will be staged over two instalments starting next month with an initial $2.9 million payment and the remaining $1.5 million due 12 months later. Expected to be finalised next month, […]
iCar Asia boosts cash receipts for fourth consecutive quarter
Automotive portal network iCar Asia (ASX: ICQ) says it’s on track to break even by the end of 2019 after marking a 36% year-on-year increase in customer cash receipts for the fourth quarter. Cash receipts tipped in at $3 million at the end of December, representing a fourth consecutive quarterly cash collection of more than […]
Used Car segment drives record first-half revenues for iCar Asia
Automotive portal network iCar Asia (ASX: ICQ) has reported a record $5 million revenue for the first half of 2018, underpinned by strong year-on-year growth in all key operating areas. The revenue compares to $4.48 million recorded for the previous corresponding period and represents a 12% increase across the company’s key South East Asian markets […]
iCar Asia finds top gear as quarterly cash receipts hit a company record
iCar Asia (ASX: ICQ) has hit its highest ever quarterly cash receipts as the company continues to raise its sales revenues and improves on several key company metrics. During Q2 2018, net operating and investing cash outflows significantly improved to A$3.58 million – a 22% improvement compared to the same quarter last year. iCar is […]
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