Trade Me earnings growth may slow to about 8 percent in 2014, from 12 percent in 2013, Macdonald says

Thu, 05 Sep 2013

By Tina Morrison Sept. 5 (BusinessDesk) – Trade Me Group’s earnings growth may to slow to about 8 percent in the coming year as New Zealand’s largest online auction site reinvests in its business, from a 12 percent pace last year, before picking up again in 2015 as its investments pay off. Trade Me chief executive Jon Macdonald said he is comfortable with analyst estimates in a Reuters poll for earnings before interest, tax, depreciation and amortisation to rise 8.2 percent in the 2014 financial year, and accelerate to an 11 percent pace in 2...

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