Australia's Cettire hits over 3-month high on quarterly sales growth

Cettire

16/05/2023 02:09

** Shares of Cettire Ltd  CTT.AX  rise as much as 14.2% to
A$2.13, their biggest intraday percentage gain since Nov 1
    ** The online retailer says its qtrly sales revenue jumped
108% to A$101.5 mln ($68.85 mln)
    ** Stock hits highest since Feb 2
    ** Co reports 350,653 active customers over the qtr, up 42%
on pcp
    ** Says revenue growth acceleration was "underpinned by
further growth in repeat customer revenue & an acceleration in
growth in active customers"
    ** CTT stock up 46.3% YTD, as of last close 
    
    ($1 = 1.4743 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))