eCargo Delivers Group-first EBITDA Profit in FY20 on February 24 2021 2:50 PM SYDNEY--(BUSINESS WIRE)--#chinaecommerce--eCargo Holdings Limited (ASX: ECG) (ECG, eCargo or the Group) today announced its financial results for the year ending 31 December 2020, demonstrating a strong recovery in the second half of the year. Key Financials: ECG achieved Group-first EBITDA profit of HK$7.6m (A$1.3m) Net Loss After Tax of HK$39.5m (A$6.6m) due to a non-cash impairment of HK$33.5m The results were primarily driven by implementation of operational efficiencies and a focus on channel management to further leverage growing consumer demand for online retail. FMCG segment was major growth driver, accounting for 53% of total group revenue, with both online and offline results up 104% and 31% respectively, benefitting from the full year contribution of Metcash Asia (acquired in Feb 2019) and sales acceleration in Q4;