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Carsales Dominance Continues With Record Half-year Results

The colossus of Australian online vehicle classifieds and automotive display advertising, carsales.com Ltd, today announced record results for the first half of the 2013 financial year. The dominant player by a country mile in automotive classified


The colossus of Australian online vehicle classifieds and automotive display advertising, carsales.com Ltd, today announced record results for the first half of the 2013 financial year.

The dominant player by a country mile in automotive classifieds, carsales is now using its experience with classifieds and its stable user-friendly online platform to expand into general classifieds with quicksales.com.au.

Carsales' thwarted bid (by the ACCC) to acquire TradingPost.com.au and to relaunch it using infrastructure from its quicksales.com.au website, although clearly a key part of this strategy, has clearly not slowed its march across key competitors Fairfax and News Limited.

Carsales.com Ltd’s total operating revenue for the first half rose to $102.1 million, up 17 percent compared to the same period in the 2012 financial year.

More to the point for shareholders was that after-tax net profit was up 14 percent to $37.6 million for the first half year.

Its EBITDA (‘earnings before interest, taxes, depreciation and amortisation’) margin of 53 percent was slightly lower than the previous comparative period, however the company expects the full-year (2013FY) revenue and EBITDA to be well ahead of 2012.

TMR Managing Editor

Disclosure: The Motor Report is in a commercial alliance with carsales.com Ltd

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