Online advertising group Baltic Classifieds reported a rise in interim profits driven by all its business units.
The company posted core profit of €22.8m, up 16%, for the six months to October 31.
Revenue grew 19% to €29.8m driven by a “solid” performance in all four business lines: autos (+19%), real estate (+18%), bobs & services (+27%) and generalist (+13%).
The company, which serves Lithuania, Estonia and Latvia, held adjusted core earnings margin for 2023 despite rising costs in a high inflation environment and further costs related to its IPO.
