Half Year Results Presentation
Sydney, Aug 11, 2014 AEST (ABN Newswire) - Freelancer Ltd (
ASX:FLN) continues to deliver strong revenue growth and today provides the key financial highlights for the first half of financial year 2014.
Net Revenue of $11.9m for 1H FY14 (up 41% on pcp)
- Gross Payment Volume (GPV)1of $49.5m (up 30% on pcp)
- Continued improvement in gross margin to 88.3% (up from 87.6% in FY13)
- Continued improvement in Freelancer take rate2to 24.0% (up from 22.2% FY13)
- Operating NPAT3of $(0.6)m and operating EBITDA3of $(0.8)m (excl. non-cash share based payments expenses)
- Investment in office and headcount expansion post IPO
To view the Results Presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FLN-810700.pdf
About Freelancer Ltd
Triple Webby award-winning Freelancer.com is the world's largest freelancing and crowdsourcing marketplace by total number of users and projects posted. Tens of millions of registered users have posted 7+ million projects and contests to date in over 750 skill category areas as diverse as website development, mobile apps, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer Limited is listed on the Australian Securities Exchange under the ticker (ASX:FLN).
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