Aussie retailer Cettire jumps on strong first quarter

Cettire

18/10/2023 24:39

** Australian luxury online retailer Cettire Ltd  CTT.AX 
 RIC  rises as much as 10.3% to A$2.90, marking its biggest
intraday pct jump since Aug 10
    ** Co logs Q1 sales revenue of A$127.1 mln ($80.87 mln), up
92% from a year ago
    ** Says experienced broad-based momentum across established
and emerging markets
    ** Cettire adds that it is well-positioned for the second
quarter
    ** Observed improvement in profit trends during September
which provides confidence in Q2 outlook - CTT
    ** CTT stock more than doubled this year, as of last close

    ($1 = 1.5716 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))