Shares of automotive designer automotive designer CT Automotive Group CTA.L rise 6.3% to 42.5 pence. The company posted H1 pre-tax profit of $1.3 million vs pre-tax loss of $9 millionn a year ago.
H1 revenue jumped 26% to $68.2 million ahead of board’s expectations with the company citing encouraging trading performance in H1 to recovery in global production volumes and easing automotive supply chain issues.
CT Automotive plc (LON:CTA) designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the most well-known automotive brands on the planet. These critical components are managed through an intricate global network of reactive supply chains to arrive JIT (Just in Time) at their respective OEM manufacturing plants.