2 Cheap Cars Group LimitedNZX: 2CC

2 Cheap Cars Group: Net profit fell 47% to $3.3m as revenue and margins declined, but cash reserves increased

· Issued by 2 Cheap Cars Group Limited

Revenue and net profit declined year-over-year, with EPS halving and gross margin narrowing. Carbon credits were recognised as intangible assets, boosting sundry income, while the loan book continues to wind down and new working capital facilities were secured.

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