City Chic Collective Sees Turnaround in Fiscal H1 Underlying Earnings; Shares Jump 15%

MT Newswires Live

Jan 14, 2025

City Chic Collective (ASX:CCX) expects earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$3 million to AU$4 million for the fiscal first half, compared with an EBITDA loss of AU$4.4 million a year earlier, according to a Tuesday Australian bourse filing.

Group sales revenue in the six months ended Dec. 29, 2024, is expected to come in at AU$69.5 million, down about 3.6% from the prior-year period.

The company's revenue for the Australia and New Zealand region was AU$55.3 million in the fiscal first half, up 2.8% from AU$53.8 million reported in the prior-year period.

The company's net cash position as of the end of the fiscal first half is expected to be AU$12 million.

City Chic Collective's shares climbed almost 15% in recent Tuesday trade.

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