Cettire Ltd. Sees Revenue Soar Amid Profit Dip
Company Announcements

Cettire Ltd. Sees Revenue Soar Amid Profit Dip

Cettire Ltd. (AU:CTT) has released an update.

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.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App