Asia
Dida Warns of Swing to H1 Loss
Dida (HKG:2559) expects an attributable loss of between 59.2 million yuan and 65.4 million yuan for the six months ended June 30, compared with an attributable profit of 134.3 million yuan a year prior.Revenue for the half year is expected to fall by 39% to 45% year over year to between 157 million yuan and 173.5 million yuan, according to a Thursday Hong Kong bourse filing.The carpooling marketplace and smart taxi service provider attributed the forecast to lower carpooling activities and completed orders, as well as a swing to fair value loss on its equity investment in Uxin.
HKG:2559
