Carsales.com.au has reported income after tax of $11.8m, an increase of 100% on the previous year.
Revenue at the company was up to 62% to $46.2m, with earnings before interest, tax, depreciation and amortisation hitting $17.1m, up 99%.
“This year has seen significant growth in all core areas of the business and our lead as Australia’s number one automotive website has increased substantially,” said Greg Roebuck, managing director at Carsales.com.au.
“Our recent acquisition of Discount Vehicles Australia further extends our market position in particular in the new car area. The strong management team and continued focus from the entire staff has allowed us to grow the business whilst ensuring that our key requirement of helping our customers to ‘stop advertising and to start selling’ is achieved.”
Carsales.com.au is made up of more than 400 shareholders, including a 50% shareholding by PBL Media.
