Creative Media and Community Trust Corporation (CMCT)
Sector • Financial Industry • Real Estate Investment Trusts |
Industry • Real Estate Investment Trusts |
Sector • Financial |
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

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.