Carsales.com delivers $71.6M FY profit

Company News

Carsales.com Limited (ASX:CRZ) says its net profit gained 23 per cent to $71.6 million in the 2012 financial year.

The online classifieds company says its operating revenue was up 21 per cent while its EBITDA margin rose 55 per cent to $101.3 million.

Carsales’ chief says its display advertising division MediaMotive was a key contributor to revenue growth as well as its business to business division.  

A fully franked final dividend of 13.2 cents per share has been declared as well as a fully franked special dividend of 6 cents per share.

The company will provide a trading update later this year, but said the first six weeks of the new financial period looked strong.