Carsales.com domestic business bolsters NPAT & EBIT

Company News

by Jessica Amir

Carsales.com (ASX:CAR) has announced its adjusted net profit after tax (NPAT) advanced 8 per cent in the 2017 financial year to $119.1 million.

It comes as the online automotive and marine classifieds business experienced a very strong increase in its domestic private business, while some of the group’s adjacent divisions such as tyresales also bolstered its results.

The firm also saw its EBIT rise 2 per cent on the prior corresponding period to $166.5 million.

Carsales.com also saw its total revenue gain 8 per cent on FY16 to $372.1 million.

The company’s final dividend gained 10 per cent on the year to 21.5 cents per share.

Shares in Carsales.com (ASX:CAR) are trading down 0.8 per cent lower to $12.41.
 

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