carsales.com Limited (ASX: CRZ) today announced its financial results for FY2012. For the 2012 financial year, the company passed a significant milestone by delivering an earnings before interest, tax, depreciation and amortisation (EBITDA) result of over 100 million dollars. As a result, it reported a net profit after tax (NPAT) of $71.6 million. This represents an increase of 23 per cent compared to the same period in FY2011 (FY2011, $58.3 million). Total operating revenue of $184.2 million was up 21 per cent. carsales.com Ltd’s EBITDA margin of 55 per cent was the same as the prior comparative period. carsales.com Ltd’s Board of Directors has declared a fully franked final dividend of 13.2 cents per share (FY2011, 10.5 cents per share); the Board has also declared a fully franked special dividend of 6.0 cents per share. The two dividends are to be paid on September 25, 2012. The record date for the dividend payments is September 11, 2012.
CRZ Price at posting:
$6.64 Sentiment: Buy Disclosure: Held