Creative Global Technology Holdings Limited Announces Financial Results for Fiscal Year 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
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Source: Newsfilter
Financial Performance: Creative Global Technology Holdings Limited reported a gross profit of $6.3 million (up 27.5%) and net income of $4.3 million (up 34.4%) for the fiscal year ending September 30, 2024, despite a total revenue decline to $35.6 million from $50.3 million due to a strategic focus on higher-margin orders.
Market Strategy and Future Plans: The company aims to enhance profitability by expanding product offerings, investing in marketing for high-margin segments, and optimizing acquisition channels, while also successfully completing an IPO that raised $5.75 million.
Analyst Views on CGTL
About CGTL
Creative Global Technology Holdings Ltd is a holding company mainly engaged in sale of recycled and refurbished electronics. The Company is mainly engaged in the wholesale of recycled and refurbished electronics. The Company is also engaged in online retail business. In addition, the Company is engaged in the provision of rental services. The Company accepts a wide range of electronic devices for recycling, computers and laptops, mobile phones and tablets and electronic accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
