Carsales.com Ltd has reported a 20 per cent lift in first-half net profit and says it expects its second half result to be "well up" on the prior year.
The online website company said net profit for the six months to December 31, 2011, came in at $33.06 million, up from $27.65 million in the prior corresponding period.
Revenue rose 22 per cent to $88.04 million, Carsales.com said in a statement on Wednesday.
"In relation to the expected performance of the company in the second half of the 2012 financial year, the company anticipates that revenue and NPAT will once again be well up on H2 FY2011," Carsales.com said.
The guidance was on the assumption that existing market conditions remained constant.
