Cettire Ltd. (AU:CTT) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Cettire Ltd. reports a significant revenue increase to $742.3 million, up 78% from the previous year, despite a 34% decrease in net profit after tax, down to $10.5 million. The luxury online retailer saw a substantial growth in active customers by 64% and processed orders, with a majority of revenue generated from returning customers. The company remains debt-free with a strong cash position and is focused on expanding market share in the personal luxury goods sector.
For further insights into AU:CTT stock, check out TipRanks’ Stock Analysis page.