City Chic Collective Faces Challenging Financial Year

City Chic Collective Limited (AU:CCX) has released an update.

City Chic Collective Limited reports a significant downturn in its financial results for the period ended June 30, 2024, with revenues dropping by 28.28% and a loss after tax from continuing operations increasing by 12.28%. The company’s net tangible assets per share also decreased dramatically from 20.8 cents to just 5.3 cents, reflecting a tough fiscal year without the issuance of any dividends. Despite these challenges, the underlying EBITDA from continuing operations showed some resilience with a 47.30% improvement.

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