Australia's Cettire swings to quarterly profit; shares surge

Cettire

06/02/2023 23:41

** Shares of Australia's Cettire  CTT.AX  rise as much as
13.7% to A$2.07, set to climb the most since Jan. 24 if gains
hold
    ** The online retailer posts half-year net profit
attributable of A$8 million ($5.51 million), compared with a
loss of A$8.3 mln reported a year ago
    ** Co also announces a jump in half-year revenue to A$187.7
mln; adds January 2023 sales revenue increased by more than 80% 
    ** Says it will operate to be EBITDA positive in the second
half of FY23
    ** Stock hits its highest since Feb. 2
    ** CTT has risen 42.8% this year, as of last close 
($1 = 1.4524 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))