Carsome posts robust 3Q financial performance


Carsome has strengthened strategic partnerships and introduced innovative solutions to further reinforce its market position.

PETALING JAYA: Carsome Group Inc stated its earnings before interest, taxes, depreciation and amortisation (Ebitda) grew threefold in the third quarter of financial year 2024 (3Q24), driven by stronger operational performance.

In a statement, the integrated car eCommerce platform stated it made a total revenue of over US$305mil for the quarter amid a 20% decline in the total industry volume for new car sales in September.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Matrade: Malaysia’s trade breaks RM3 trillion mark despite challenging global conditions
Swift Energy Tech subsidiary bags contracts worth RM18mil
Reneuco redesignates Mustakim Mat Nun to group MD
ISF Group IPO oversubscribed by over 31 times
Dayang subsidiary to purchase marine vessel for RM117.7mil
Ringgit eases slightly against greenback on caution amid renewed US-EU tariff tension
Maybank launches ROAR30 strategy plan, targets 13-14% ROE by 2030
Mitrajaya accepts RM42.81mil fourth variation order for data centre project
PJBumi acquires drilling rigs for RM162mil
Manforce secures Bursa approval for ACE Market IPO

Others Also Read