Malaysia and Thailand record quarterly positive Ebitda and net cashflow for 1Q19.
In 2018, two out of three countries that iCar operated in turned profitable.
Malaysia and Thailand expected to be the key drivers of pushing the Group to breakeven by December 2019.
Revenue rises 12% from 1H17 to US$3,668,020.
Car bidding platform links sellers to dealers In Malaysia’s largest automotive platform.
An increase of 29% over the same period last year to US$2.37 million.
The appointment is effective immediately.
Grown from having 700 thousand monthly users in early 2013 to 8.6 million currently.
Brings over 23 years of experience in building brands, digital classifieds and marketing in Asean.
iCar Asia Limited raises US$13.3m with a further US$4.1m within 2 months to deepen its reach in its current markets of Malaysia, Indonesia and Thailand.