UPDATE: Trade Me annual profit flat as increased expenses curb revenue growth

Thu, 20 Aug 2015

(Adds analyst estimates, chief executive comment, and updates shares) By Tina Morrison Aug. 20 (BusinessDesk) - Trade Me, New Zealand's largest online auction site, posted a 2015 profit largely unchanged from 2014 as increased spending ate into bigger revenues. Earnings will continue on a similar path this year as it invests in new ventures. Net profit was little changed at $80.2 million, or 20.2 cents per share, in the year ended June 30, from $80.1 million, or 20.2 cents, the year earlier, the Wellington-based company said in a state...

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