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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.

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