Trade Me's operating earnings will effectively be flat: analyst
Trade Me is forecasting growth of about 5% in operating earnings this year but rising capitalised costs mean effective operating profit is likely to be flat.
Jenny Ruth Mon, 19 Oct 2015
Trade Me [NZX: TME] is effectively forecasting flat operating earnings growth this year, an analyst says.
Stephen Ridgewell at Craigs Investment Partners says the quality of Trade Me’s earnings before interest, tax, depreciation and amortisation, or ebitda, has fallen over the past several
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