CT Automotive gains after swinging to half-year profit

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
CT Automotive plc

More articles like this

CT Automotive plc

UK car sales reach 20-year high in February

UK new car sales have surged to their highest level in twenty years this February, marking a significant milestone in the automotive sector. Corporate entities have played a pivotal role in driving this growth, particularly through

CT Automotive plc

Discover the world’s most luxurious car interiors

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

CT Automotive plc

Upcoming car seat design trends for 2024

We expect design trends for car seat interiors to continue to change as the automotive industry evolves. Car interiors are undergoing a transformation that promises a blend of aesthetics, comfort, and innovation.  In this blog post

CT Automotive plc

The importance of Car Interior Design for safety and luxury

Car interior design refers to the looks and placement of the features inside a vehicle. Car companies have a head interior designer that manages a team of people that follows the head designer’s concept to complete the inside of a