2 Cheap Cars Group LimitedNZX: 2CC

2 Cheap Cars Group: Revenue and profit surged in FY24, with major Auckland expansion and margin gains

· Issued by 2 Cheap Cars Group Limited

FY24 saw revenue rise 5% to $86.8M and NPAT surge 383% to $6.2M, with strong margin improvements and a resumed dividend. Strategic expansion in Auckland and operational efficiencies are driving growth, though FY25 YTD NPAT is down amid ongoing market pressures.

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