Carsales.com firing on all cylinders as profit accelerates to $161m

 Australia’s dominant online vehicle marketplace Carsales.com (ASX: CAR) is firing on all cylinders with buoyant conditions in its domestic and international operations leading to a 23 per cent increase in FY22 profit to $160.8 million.

The result has been bolstered by a bigger contribution from US vehicle marketplace Trader Interactive after Carsales.com earlier this year bought out the remaining 51 per cent it didn’t already own for about $1.17 billion. Trader Interactive is expected to deliver low double-digit earnings per share growth in the first full year of ownership, with higher upside in the following years.

Carsales.com posted a 19 per cent increase in revenue to $509.1 million in FY22, while underlying EBITA rose 12 per cent to $269.9 million.

Read More: https://www.businessnewsaustralia.com/articles/carsales-com-firing-on-all-cylinders-as-profit-accelerates-23-per-cent-to--161m.html



Comments

Post a Comment

Popular posts from this blog

WHY BUDGETING IS IMPORTANT FOR BUSINESSES?

Image
 Hi all, Budgeting is an integral part of human and business life. You cannot move an inch ahead unless you have planned the finances in a logical manner. You need to identify the available funds, the expected expenses and the estimated income for a defined time period with the help of a bookkeeper to maintain the cash flow of the business. Without this knowledge, you cannot survive the challenges and the upheavals that can affect the business financially and lead to deficits and bad debts. Budgeting ensures that you can meet your objectives and have the capital needed to complete all the projects and tasks. To know more about budgeting, read the article shared below.   https://www.agibookkeeping.com.au/why-budgeting-is-important-for-businesses/
Read more

THE ULTIMATE BOOKKEEPING CHECKLIST FOR NEW BUSINESSES

Image
The Ultimate Bookkeeping Checklist for New Businesses is a comprehensive guide designed to help new businesses navigate the complexities of bookkeeping with ease. This checklist covers all essential aspects of bookkeeping, including setting up a chart of accounts, organizing financial documents, and establishing a bookkeeping system. It also provides tips for maintaining accurate records, tracking expenses, and preparing for tax season. With step-by-step instructions and practical advice, this checklist is an invaluable resource for new business owners looking to manage their finances effectively and ensure long-term success. To read continue:  https://www.agibookkeeping.com.au/the-ultimate-bookkeeping-checklist-for-new-businesses/
Read more

How To Prepare Your Business For The New Year?

Image
Gear up your business for a successful new year with strategic preparations. Begin by conducting a comprehensive year-end review, analyzing successes and areas for improvement. Set clear and achievable goals, outlining a roadmap for the upcoming year. Assess financial health and budget for growth initiatives. Engage with your team, fostering open communication and aligning everyone with the company's vision. Embrace technology upgrades to enhance efficiency and stay competitive. Review and update marketing strategies to align with evolving trends. Lastly, prioritize professional development for yourself and your team, ensuring everyone is equipped for the challenges and opportunities the new year may bring. https://www.sellbusinessonline.com.au/how-to-prepare-your-business-for-the-new-year/
Read more