Trade Me restores revenue growth in its core marketplace business after two-year dip

Wed, 17 Aug 2016

By Fiona Rotherham Aug. 18 (BusinessDesk) - Trade Me group, the online marketplace and classified advertising business, has seen three years of investment pay off with its general items marketplace restoring revenue growth after a two-year absence. The Wellington-based company reported a 9.2 percent revenue uplift to $218 million for the year ended June 30 while its general items marketplace had revenue growth of 3.5 percent compared to the prior year to $65.7 million, with a bigger upswing in the second half. “We’ve had over the last...

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