According to Malaysia-based used car marketplace Carsome, it recorded its first-ever EBITDA-positive quarter in the first three months of this year, TechInAsia reports.

The company didn’t go into specifics but attributed the achievement to a 48% year-on-year increase in gross profit per unit (GPU) and an 80% increase in ancillary revenue per division.

Carsome said it sold 150,000 cars last year and a total of 500,000 since its launch in 2015.

Carsome said that online monthly active users have grown to more than 18 million, attributing this to its content and media ecosystem, which includes iCar Asia and Wapcar.

It added that its used car refurbishing business, Carsome Certified, had increased its Net Promoter Score (NPS) — which measures customer loyalty by looking at their likelihood of recommending a given business — to 83 points, while its wholesale division had an NPS of 76 points.

“While we are on track to achieve the group’s first full-year profitability this year, we are also continuing our long-term vision of driving profitable growth and extending our leadership in the region and the industry,” commented Carsome co-founder and CEO Eric Cheng.

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