Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Trade Me Group Releases Chairman's Address of Annual Meeting 2018

08 Nov 2018  |  13:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Chairman's Address

Trade Me Group advised that in 2018, the financial performance of the Company continued to be strong. The Company grew revenue by just under 7% YoY, and net operating profit by 4% over the same period. New records were achieved again in both revenue and earnings. The total regular dividend payment for 2018 was 19.6c per share, an increase of 6% on the previous year. The Board decided to pay a special dividend of 22.0cps in September 2018. Since listing, the Company has consistently paid down debt. In 2018, the classifieds grew revenue at 12.3% per annum, with all three businesses producing double-digit revenue growth. The Marketplace grew revenue at just 1.3% in 2018, which was lower than previous years. The team are working hard to accelerate growth, particularly in new goods.

Please click here for full details

See more ASX300 News Announcements