bullish
Carly Holdings - Fleet growth delivered - cash set to follow
SUMMARY
- RaaS Research Group has published an update on vehicle subscription business Carly Holdings (ASX:CL8) following the release of its Q4 FY24 results which saw a 48% year-on-year increase in cash receipts to $1.51m and 69% increase in subscriptions.
- Carly’s June quarter update showed the expected 19% growth in total fleet size vs. the March quarter.
- The fleet grew to 538 vehicles with an additional 88 owned vehicles and 73 asset-light vehicles.
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