PETALING JAYA: Carsome Group Inc, has recorded an adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) profit of US$10mil for its financial year 2024 (FY24) powered by stronger margins and cost discipline.
The profit was attributed to topline stability and improvements in its unit economics, leading to a 25% year-on-year growth in gross profit per unit. The is was driven by stronger metal margins, greater monetisation of platform services, growth in ancillary services revenue and lower refurbishment and logistics costs.
