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