Annual Report to Shareholders
Kuala Lumpur, April 27, 2015 AEST (ABN Newswire) - iProperty Group Ltd (
ASX:IPP) announce the Annual Report to shareholders with key highlights including a 15% growth in total income to $21.8M.
Key highlights for the iProperty Group Limited for 2014 include:
- Growth of 15% in total income to $21.8m
- Operating expenditure growing only at 1%
- EBITDA improved from a loss of $2.9m (2013) to a loss of $0.4m (2014) due to start up losses in the transaction business
- Record 4Q14 billings of $7.9m provides strong platform for 2015
- Entry into the Thailand market by acquiring the profitable #1 in the market
Malaysia
- Revenue increased 25% to $14.7m from $11.8m
- EBITDA improved 48% from $5.2m to $7.8m, while the EBITDA margin improved from 44% to 53%
Hong Kong
- Organic revenue growth of 38%
- Acquired Squarefoot.com.hk to consolidate leadership position in HK region
- Initial EBITDA profit of $0.3m from a prior year loss of $0.3m
Indonesia
- Revenue grew 20% (in local currency)
- Business primarily focused on improving consumer and customer metrics
- Listings grew 40% to 340,000 and paying agents increased over 30% to 10,009
Singapore, International and eCommerce (Transactions)
- Extension of Singapore business to service international agents and developers
- Entry into the Transaction (eCommerce) business - 100 property sales supported during 2014
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IPP-854427.pdf
About iProperty Group Ltd
Headquartered in Kuala Lumpur, Malaysia, iProperty Group Ltd (ASX:IPP) is focused on developing and operating leading real estate portals and delivering the most comprehensive set of related real estate services and project marketing across the Region. The Group owns portals which are market leaders in Malaysia, Thailand, Indonesia and the Hong Kong Region and a leading portal in Singapore. The iProperty Group is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.
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