Trade Me affirms guidance for 2016 sales growth of about 11%, earnings growth about 4.4%

Wed, 14 Oct 2015

By Jonathan Underhill Oct. 14 (BusinessDesk) - Trade Me, New Zealand's largest online auction site, affirmed the guidance it gave with its full-year result in August, for sales and earnings growth to be broadly similar in 2016. Revenue rose 11 percent to about $200 million in the year ended June 30, while earnings before interest, tax, depreciation and amortisation increased 4.4 percent to $134.4 million. Expenses would rise at a slower pace than the 26 percent increase to $64.5 million in 2015, when it had costs related to the acquisitio...

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