Baltic Classifieds interim profits up on strong revenues
Baltic Classifieds Group
317.50p
17:15 19/12/24
-2.46%
-8.00p
Online advertising group Baltic Classifieds reported a rise in interim profits driven by all its business units.
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2,651.33
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The company posted core profit of €22.8m, up 16%, for the six months to October 31.
Revenue grew 19% to €29.8m driven by a “solid” performance in all four business lines: autos (+19%), real estate (+18%), bobs & services (+27%) and generalist (+13%).
The company, which serves Lithuania, Estonia and Latvia, held adjusted core earnings margin for 2023 despite rising costs in a high inflation environment and further costs related to its IPO.