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Creative Media and Community Trust Corporation  (CMCT)
 

Deficit Despite revenue advance at the CMCT in the fourth quarter of 2022

company recorded fourth quarter of 2022 operating profit of $8.166 million


Published Apr 02 2023
Goran Soko / CSIMarket.com Contributer


architecture-2256489_960_720For the fiscal period closing December 31 2022 company Losses have expanded of $-0.39 per share compare to $-0.38 a year prior and EPS improved from $-0.50 per share from the preceding reporting period.

The Revenue grew gently by 2.957 % to $25.87 million from $25.13 million in the similar reporting period a year prior and sequentially revenue increased by 4.084 % from $24.85 million.




Net income of $0.944 million in the fiscal period closing December 31 2022 increased by 41.11 % from break-even fulfilled in the corresponding reporting period a year ago. Creative Media And Community Trust Corporation also emphasized it's improving profit margins, where net margin rose to 3.65% in fiscal period closing December 31 2022, and operating margin edged up to 31.57%.
Operating earnings, however, rose 84.42% to $8.166 million.
CMCT announced loss of $5.95 million and revenue of $101.91 million in the fiscal year 2022.

Net loss per share has widen to $-1.11 from $-1.04 in the preceding fiscal year, while revenue advanced by 12.08 % from $90.93 million a year prior.

Creative Media And Community Trust Corporation is expected to report next financial results on May 09, 2023.



Creative Media And Community Trust's Revenue Growth

Creative Media And Community Trust's ROI



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