Uxin Ltd Looks to Achieve EBITDA Profitability at All Superstore level by March 2024 and Whole Company EBITDA Profitability by September 2024
Portfolio Pulse from Benzinga Newsdesk
Uxin Ltd aims to reach EBITDA profitability at all superstore levels by March 2024 and for the entire company by September 2024. CEO Kun Dai expresses confidence in the company's long-term prospects.
November 28, 2023 | 9:18 am
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Uxin Ltd is targeting EBITDA profitability at all superstore levels by March 2024 and aims for whole company profitability by September 2024, as stated by CEO Kun Dai.
The announcement of a clear profitability target is typically viewed positively by investors, as it suggests management's confidence and a strategic plan for financial improvement. Achieving EBITDA profitability is a significant milestone that can lead to improved investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100