Carsales revenues rise on domestic and international growth

February 8, 2017 12:28

Carsales has reported online advertising revenues rose 13% to $129.8m for the half year, with total operating revenues rising to $178.6m.

Carsales’ Greg Roebuck (retiring), non-executive chairman Jeffrey Browne and incoming CEO Cameron McIntyre

However, the result was hit by issues in its financial and related services division, which reported revenue down 22% to $26.1m due to “volume shortfalls as a result of issues at a major lender in the period”.

The online classified specialist saw earnings before interest, tax, depreciation and amortisation (EBITDA) up 2% to $83.2m, but reported net profit was down 8% to $47.2m.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

Topics

Cameron McIntyre Car Sales Greg Roebuck

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Carsales revenues rise on domestic and international growth

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