TM growth continues to slow

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TM growth continues to slow

Post by digidog » Tue Aug 19, 2014 10:30 pm

NBR reports TradeMe's growth has slowed for the second year running. Auction revenue declined by 1.1% in the last year.
Profit growth has slowed since the company was spun out of Fairfax Media in 2011 in an initial public offering. The latest year's 1.9 percent increase in profit lags 2013's 4 percent gain and an 8.4 percent pace in 2012. The company today forecast another year of "subdued" earnings growth with revenue forecast to increase at low double-digits and another year of "significant investment" as expenses rise from adding more staff and it spends more on promotion to position the business for longer term expansion.

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Re: TM growth continues to slow

Post by ionet » Wed Feb 18, 2015 12:19 am

_ ... dued-.html

Trade Me posts slower 1H profit growth, says FY earnings will be 'subdued'

Trade Me Group, New Zealand's largest online auction site, posted slower profit growth in the first half of its financial year as increased investment ramped up costs and only one of its core businesses lifted earnings


Ultimate Auction Security: Kick 'em in the pants & sweep them under the carpet fast before anyone sees & hope they go away.

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