Trade Me’s earnings growth slows
Tina Morrison
Updated
Trade Me Group has posted a slower pace of earnings growth in the first half of its financial year as New Zealand’s largest online auction site invests in marketing and more staff.
Net profit rose two per cent to $NZ38 million ($35.30 million) in the six months ended December 31, slower than the 2.7 per cent growth in earnings in the year earlier period, the Wellington-based company said in a statement on Wednesday.
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AAP
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