Article Correction – iCar Asia (ASX:ICQ)

Article correction – iCar Asia Ltd (ASX:ICQ)

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On Tuesday 8 June 2021, an article was published on Fool.com.au titled iCar Asia (ASX:ICQ) share price tumbles 6% on AGM Presentation.

It has been brought to our attention that this article contained factual errors regarding the EBITDA performance of iCar as referenced in slide 5 of the AGM Presentation as per this ASX release: https://www.fool.com.au/tickers/asx-icq/announcements/2021-06-08/3a568567/icar-asia-agm-presentation/

The Motley Fool incorrectly noted the company’s EBITDA loss as well as iCar Asia’s EBITDA performance.

The release actually states:

EBITDA losses improved by 34% to a loss of 1.8 million against FY20’s January to April period which saw a loss of $2.7 million. The EBITDA margin also improved to minus 31% in 2021, an improvement in EBITDA loss of 51% between the two timeframes.

Motley Fool Australia apologises for the error, and has removed the article from Fool.com.au.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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