Trade Me: Interim result 2016

Classifieds continue to drive Trade Me's revenue higher – and earnings growth should accelerate from here.

Trade Me’s earnings growth is coming. Really, it is. But not in its latest half, with the company reporting a dead flat net profit of NZ$38m for the six months to 31 December 2015.

Revenues grew 9% to NZ$106m, and a fully imputed (for New Zealanders) dividend of NZ7.8 cents was declared (ex date 10 March). Non-resident shareholders, including Australians, will receive a supplementary dividend of NZ1.3765 cents per share.

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