Carsales.com profit up 69 per cent

Company News

by Rachael Jones

Carsales.com (ASX:CAR) has seen a full year net profit of $185 million, up 69 per cent on the same period last year where it stood at $110 million.

Revenue leapt 19 per cent to $444 million from last year’s $372 million.

EBITDA rose 16 per cent to $205 million.

Final dividend of 23.7c, up 10 per cent on prior corresponding period.

Shares in Carsales.com (ASX:CAR) rose 1.37 per cent to $14.85.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.