COVID-19 Recovery in Full Swing – Return to Growth

Kuala Lumpur, August 28th, 2020

28 August 2020 - iCar Asia Limited (‘iCar Asia’ or the ‘Company’), owner of ASEAN's number 1 network of automotive portals today released its Financial Report for the first half year of 2020. Financial Performance Stro...

iCar Asia Launches First Virtual Expo in Indonesia

Kuala Lumpur, July 24th, 2020

23 July 2020 – Mobil123.com, the Number 1 Automotive Portal in Indonesia, is to hold the first ever Mobil123 DRIVE Virtual Expo 2020 from July 25 – 2 August 2020.   Responding to the new normal the Mobil123 DRIVE Virtual Expo 2020...

iCar Asia records its best ever quarterly Net Operating Cashflow results despite COVID-19

Kuala Lumpur, July 9th, 2020

Net Operating Cash Outflow reduced to A$1.14m beating guidance Malaysia and Thailand EBITDA and cashflow positive for Q2 2020 Key operational metrics remained strong and improved throughout Q2 2020 H2 2020 outlook looks increasingly positiv...

April Trading Update

Kuala Lumpur, May 14th, 2020

Unaudited revenue year to date until April 2020 reached A$4.3m, an increase of 18% YoY despite COVID-19 Net Operating Cash Flow improved substantially in April 2020, with an outflow of only A$0.4m resulting from effective cost control and revenu...

Key Operating Metrics Remain Stable in Q1 as COVID-19 Impacts Cash Performance

Kuala Lumpur, April 21st, 2020

iCar Asia earned cash receipts in Q1 2020 of A$3.9m, down 6% on the prior quarter but up 3% year-on-year, as COVID-related lockdowns in all three of the Company’s markets caused a sharp drop in activities from the middle of March 2020 Q1 2...