Trade Me Group Limited’s (ASX:TME, NZE:TME) first half net profit has improved 3 per cent to $36.4 million with double digit growth in revenue and EBITDA.
The New Zealand-based online auction house was included in the NZX 10 Index this week and Chairman David Kirk says the company has now well and truly completed its transition to life as a public company.
Fairfax Media Limited
(ASX:FXJ) sold its remaining 51 per cent stake in Trade Me Group at the end of last year for a reported $600 million to institutional investors.
CEO Jon Macdonald says there is optimism about the company’s prospects and Trade Me is confident about its strong foundations in the long term.
An interim unfranked dividend of 7.5 cents per share has been declared.
