Cettire Ltd. ( (AU:CTT) ) has issued an update.
Cettire Limited reported an 11% increase in revenue for the half-year ended December 31, 2024, reaching approximately $394 million. However, net profit after tax saw a significant decline of 63%, dropping to $4.7 million, attributed to increased operational costs. The company did not declare any dividends for this period, and the net tangible assets per ordinary security decreased from 5.9 cents to 2.7 cents, indicating potential challenges in maintaining asset value.
More about Cettire Ltd.
Cettire Limited operates in the luxury fashion industry, primarily focusing on online retail. The company offers a wide range of high-end fashion products and targets a global market of fashion-conscious consumers.
YTD Price Performance: -20.53%
Average Trading Volume: 2,666,536
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$457.5M
See more data about CTT stock on TipRanks’ Stock Analysis page.