Temple & Webster’s (ASX:TPW) revenue up 50%

Company News

by Anna Napoli

E-commerce Homewares retailer Temple and Webster (ASX:TPW) reported first-half revenue of $74.1 million, a 50 per cent increase on the year earlier period.

Earnings (EBITDA) increased to $2.3 million from $1.0 million a year ago.

Cash flow positive half, with ending cash of $15.7m and no debt • Active customers up 45% year on year

The company says that the second half of the year has started well, with year-on-year revenue growth of more than 50 per cent to the end of January.

Shares in Temple and Webster (ASX:TPW) are trading 15.2 per cent higher at $3.26.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.