STRONG growth in the number of visitors to its websites and increased spending by real estate agents on advertising and subscriptions has helped property website group realestate.com.au nearly double its revenue and boost its profit.
Managing director Simon Baker said most of the 88 per cent increase in revenue for last financial year was from "organic growth", helped by more visitors to its flagship websites rather than from acquisitions.
Mr Baker said a better measure of underlying profitability was its gross profit, which rose 134 per cent from the previous year.
Source The Age
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