Kruso Kapital S.P.A. ( (IT:KK) ) has provided an announcement.
Kruso Kapital S.P.A. reported a significant increase in its net profit for fiscal year 2024, with a 56% year-over-year growth. The company’s performance was bolstered by the consolidation of its Portuguese subsidiary and an increase in pawn credit activities in Italy. Despite challenges in the auction business, the company saw improvements in its brokerage margin and interest income from pawn credit. The acquisition of CEP and IPO-related expenses influenced financial outcomes, but the overall growth in assets and capital ratios indicates strong operational momentum.
More about Kruso Kapital S.P.A.
Kruso Kapital S.P.A. operates in the pawn credit industry, providing financial services primarily focused on pawn credit policies in Italy. The company also engages in brokerage involving the auction of artworks and collectibles, though this represents a small portion of its brokerage margin. The company has expanded its operations in Europe, including a subsidiary in Portugal, and focuses on increasing credit usage and margins in its core market.
YTD Price Performance: -2.58%
Average Trading Volume: 1,050
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €46.51M
For detailed information about KK stock, go to TipRanks’ Stock Analysis page.