2 Cheap Cars Group Limited (NZX:2CC) has reported a successful start to the financial year, with unaudited Q1 revenue of $19.6m (-6% vs Q1 Prior Year), gross margin % of 24% (+7% vs Full Year 23) and unaudited Q1 NPAT projected to close at $1.3m, compared with $0.4m during the same period last year.
The company now anticipates exceeding the upper limit of its previously communicated Net Profit After Tax (NPAT) range of $3.8m to $4.2m, with revised guidance of between $4.2m and $5.0m.
CEO Paul Millward acknowledged the efforts of the team making progress on the plan.
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