Carsales posts net profit of $109.3m on the back of international growth

August 9, 2016 9:51

Car classified website Carsales has posted a net profit after tax of $109.3m – up 9% on last year.

The company noted that its revenues and earnings before interest, tax, depreciation and amortisation (EBITDA) were both up 10% on last year to $344m and $170.3m, respectively.

Greg Roebuck, CEO of Carsales, touted the strong result, arguing the company had benefited from its global expansion.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

Topics

Carsales Greg Roebuck

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Carsales posts net profit of $109.3m on the back of international growth

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