Online car sales platform Carsales.com
(ASX:CAR) has recorded a 27 per cent increase in profit after tax to $60.2 million for the half year of FY2018.
This is on the back of a 12 per cent rise in revenue to just over $200 million for the half year compared to the same time the previous year.
Adjusted earnings per share increased 11 per cent to 25.2 cents per share, with EBITDA growing 9 per cent.
The company has declared a 20.5 cent interim dividend.
CEO Cameron McIntyre says it has been an outstanding half year, with the business making significant progress executing its international strategy with the acquisition of the remaining stakes in the South Korean and Mexican businesses.
Shares in Carsales.com
(ASX:CAR) are trading 2.3 per cent lower at $14.04.
