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2 Cheap Cars Group: Net profit dropped 40% year-over-year as revenue and sales volumes declined amid regulatory cost pressures
2 Cheap Cars Group: Net profit dropped 40% year-over-year as revenue and sales volumes declined amid regulatory cost pressures
About this update from 2 Cheap Cars Group Limited
Net profit after tax fell to $1.01m on a 5% revenue decline and lower sales volumes, with Clean Car Standard compliance costs impacting margins. An interim dividend of 2.15 cps was declared, and full-year profitability is expected to be below FY25.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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