CT Automotive Group Plc (GB:CTA) has released an update.
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CT Automotive Group PLC, a key player in automotive interior components, has reported a strong financial recovery for FY23, driven by market resurgence post-Covid and strategic initiatives. A 15% revenue increase to $143 million and a substantial gross profit jump to $30.9 million from the previous year’s $14.9 million were highlighted, reflecting operational efficiencies and successful fundraising efforts. The company’s debt was significantly reduced, and future outlook remains positive with a sustainable pipeline of new business.
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