Tag: Financial results

Revenue and profits up in Q2 at China’s Autohome

Revenue and profits up in Q2 at China’s Autohome

Autohome Inc., which describes itself the leading online destination for automobile consumers in China, saw a healthy increase in its net revenue and net income during the second quarter that ended on June 30, 2015, even though its share price contined to fall. According to its unaudited financial results released on August 5, net revenue increased by 69.9 percent year-over-year to RMB 861.0 milli

58.com revenue up, profit down in Q2

Online marketplace 58.com Inc., China's largest online marketplace serving local merchants and consumers, saw its revenue increase above expectations during the second quarter of the year, but a large increase in its operating expenses, primarily linked to the costs of marketing its 58 Home business, meant that it made a net loss overall. The company announced August 19 its unaudited financial re

Vostok invests in six classified businesses

The financial report of Vostok New Ventures for the six months to June 30 was presented today, and it confirmed that the company is on a mission to invest outside Avito. Not too long ago, everything at Vostok Nafta still revolved around its holdings in Avito, Tinkoff Bank and Tinkoff Insurance. The finance holdings are very specific businesses based in Russia. That was one of the reasons why Vost

Slower growth for Morizon Group in Q2

Morizon Group, owner of Polish real estate search engines Morizon.pl and Nportal.pl and several other real estate classified sites, released its financial results for Q2 of FY2015. The revenue declined sligthly in Q2 FY2015 from the same period last year. In Q2 Morizon earned revenue of 3.6 million Polish zloty ($954,252 U.S.) – a decrease of six percent year-on-year (Q2 FY2014: 3.8 million Polis

Agora’s Internet division increases revenue and profit in Q2

Polish media group Agora SA reported a 17.4-percent increase in revenue and a 18.2-percent increase in profit, compared to the same period last year, for its Internet division* in Q2 of FY2015. Revenue of Agora’s Internet division amounted to 39.9 million Polish zlotys ($10.6 million U.S.) in Q2 of FY2015. Included in this number was revenue from online advertising (33.4 million Polish zlotys; 22

Zoopla registers net growth of agents again

Zoopla released its latest trading update on 31 July 2015, and said it remained confident of delivering full-year results for the Group in line with expectations. It reported a return to growth in its U.K. agency membership, after the fall earlier in the year, in the wake of the launch of new competitor OnTheMarket. Since its April trading update it has added 213 new branches, to bring its total

Xing drops to No. 2 behind LinkedIn in Germany

Xing, a network for business people in the German-speaking region (Germany, Austria and Switzerland) released its financial report for H1 of FY2015 earlier this week and the overall picture was very positive: Revenue and profitability grew strongly from H1 last year to H1 this year (numbers are at the bottom of this article), all div

Revenue drops at North Media in H1

Denmark's North Media reported a revenue drop of four percent in H1 of FY2015, from DKK 535 million in the same period last year to DKK 512 million ($75 million U.S.). The EBIT dropped to -DKK 3.5 million in H1, from DKK 26.7 million. In other words, a drop of DKK 30 million from last year. But, the revenue and EBIT drop were expected, the company said. North Media is Denmark's leading publisher

Classifieds pull Axel Springer out of trouble (Updated)

This morning, Axel Springer reported financial results for the first half of FY2015 in line with what management had forecasted at the start of the year and with what the market had expected. But, only thanks to Axel Springer’s classifieds business. The classifieds business delivered a sterling performance in H1, which more than neutralized the disappointing performance of the rest of Axel Spring

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