UPDATE: Trade Me profit growth slows in 2014, forecasts 'subdued' earnings for 2015

Tue, 19 Aug 2014

(Adds CEO comment starting in fourth paragraph, updates shares) By Tina Morrison Aug. 20 (BusinessDesk) - Trade Me Group, New Zealand's largest online auction site, posted slower profit growth for 2014 and warned earnings would remain "subdued" in the coming year as it reinvests in its business. Trade Me profit rose to $80.1 million, or 20.2 cents a share, in the 12 months to June 30, from $78.6 million, or 19.84 cents, a year earlier, the Wellington-based company said in a statement. Revenue increased 9.7 percent to $180.1 million whi...

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