UK's CT Automotive gains after swinging to half-year profit
21/09/2023 08:35
** Shares of automotive designer automotive designer CT
Automotive Group CTA.L rise 6.3% to 42.5 pence
** Co posts H1 pretax profit of $1.3 mln vs pretax loss of
$9 mln a yr ago
** H1 revenue jumps 26% to $68.2 mln; ahead of board's
expectations
** Cites encouraging trading performance in H1 to recovery
in global production volumes and easing automotive supply chain
issues
** Board says it is confident in achieving its expectations
for FY23
** CTA stock down ~54% YTD
(Reporting by Richard Rohan Francis in Bengaluru)
((Richardrohan.francis@thomsonreuters.com))