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RP Data (ASX:RPX) lifts FY10 profit 38%

RP Data (ASX:RPX) lifts FY10 profit 38%

Residential property database supplier RP Data (ASX:RPX) has lifted its FY10 net profit 38% to $7.7 million, due to accelerating growth in its analytics business segment.

The company increased its revenue 18% to $57.8 million, with normalised ebitda growing 28% to $21 million.

Profit would have been $1 million higher were it not for costs associated with acquiring ValEx Group and the valuation management software division of Sandstone Technology, in a $46 million acquisition that closed earlier this month.

CEO Graham Mirabito said the integration of the units into RP Data's operations is a key objective for FY11.

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Tags RP DataASX:RPXfinancial resultsGraham MirabitoMergers and acquisitions

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