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.
