Revenues have risen by a tenth to almost £140m at Auto Trader, with chief executive Trevor Mather hailing a "strong first-half performance' for the Manchester-headquartered online car marketplace.
The company's revenues were £138.2m for the six months to 27 September 2015, up by 8 per cent year on year.
Underlying operating profits increased by 17 per cent to £83m over the same period. And reported operating profits rose by 23 per cent to £82.9m.
Meanwhile, Auto Trader told investors that adverts views per month climbed by 9 per cent to 240 million, while its consumer audience is now five times larger than that of its nearest competitor as measured by cross-platform visits.
Mather said: "Auto Trader has delivered a strong first-half performance, as retailers, consumers and manufacturers alike are increasingly recognising the value of our marketplace.
"We continue to grow our audience of car buyers and develop products to add value to our retailers, helping them remain competitive and make informed decisions based on real-time market data, allowing them to buy and sell the right stock at the right price.
"We believe there is substantial opportunity to grow the business based on the increasing importance of the internet for automotive advertising, and the growing use of data to improve the efficiency and effectiveness of the industry."
Auto Trader completed an initial public offering on the main market of the London Stock Exchange in March 2015.
SOURCE: Insider Media
