CT Automotive Group (LON:CTA) First Half 2024 Results

Key Financial Results

• Revenue: US$60.5m (down 11% from 1H 2023).

• Net income: US$3.47m (up 264% from 1H 2023).

• Profit margin: 5.7% (up from 1.4% in 1H 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.047 (up from US$0.017 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CT Automotive Group Earnings Insights

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Auto Components industry in the United Kingdom.

Performance of the British Auto Components industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

Be aware that CT Automotive Group is showing 1 warning sign in our investment analysis that you should know about...

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