iProperty Group Limited
(ASX:IPP) has confirmed it is expecting the highest ever fourth quarter revenues and EBITDA.
The owner of property portal sites and related real estate services finished the December quarter with its highest ever quarterly billings of almost $8 million.
The figure was up 57 per cent from the September quarter and up 29 per cent from the year before and expected to result in record cash collection in the current quarter.
iProperty Group believes the results are an indication of the increasing organic growth of the business on the back of necessary strategic and structural changes.
iProperty Group reported a net loss of $8.97 million in the first half of the 2014 calendar year.
