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Carsales.com 1H profit swells 51% to $19.1m

Carsales.com 1H profit swells 51% to $19.1m

Online automotive advertising company Carsales.com Limited (ASX:CRZ) said its net profit grew 51% to $19.1 million in 1H10, during its first reporting period since listing on the ASX.

The company, which joined the ASX in September, said its revenue increased 26% to $56.1 million, while ebitda swelled 48% to $19.5 million.

Carsales.com declared a fully franked dividend of 6.6 cents per share, to be paid on April 1.

Since the reporting period, the company’s network of sites attracted a record 3.6 million visitors in January, Carsales.com said.

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Tags financial resultsCarsales.comonline store

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