Why it matters: Carsales is an ASX100 company growing profitably abroad.
Carsales’ US and Brazilian acquisitions helped lift profit 43 per cent to 278 million.
A dividend of 32.5¢ per share, 50 per cent franked, will be paid on October 16.
Carsales chief executive Cameron McIntyre says interest rate rises have not dampened consumer enthusiasm for expensive SUVs, as the online vehicle classifieds group reported a 43 per cent increase in adjusted profit.
The results beat analyst expectations with adjusted net profit after tax climbing to $278 million, while adjusted earnings before interest, taxation, depreciation and amortisation rose 57 per cent to $425 million for the fiscal year ended June 30.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
