InvestSMART

CTI Logistics Limited (ASX:CLX)

ALERT: Price-sensitive ASX Announcement for CLX
Current share price for CLX : $2.610 0.76 (41.08%)+
Announcement
Release
26 Feb 2025 7:13PM
Price at Release
$1.850
Full Release
download
Summary
CTI Logistics Limited's Half Year Financial Report for the period ending December 31, 2024, outlines the company's performance amid increasing demand for general freight services. The report shows a 2.5% rise in revenue to $165.9 million, although profit before tax fell by 18.2% to $9.3 million due to strategic investments aimed at long-term growth. The company declared an interim dividend of 5.0 cents per share, reflecting its commitment to shareholder returns.
Key Points
  • Directors' report for the half year ended December 31, 2024.
  • Principal activities include logistics, transport, and security services.
  • Revenue increased by 2.5% to $165.9 million.
  • Profit before tax decreased by 18.2% to $9.3 million.
  • Interim dividend of 5.0 cents per share declared, payable on April 4, 2025.
  • Investments made for future growth include facilities development and vehicle upgrades.
  • The company's net assets increased by 2.8% to $124.9 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.