iProperty Group Ltd, released its 4C statement, which shows a continued strong financial growth of the business. Cash receipts for the period continued their growth trajectory for 2012. On a YTD basis cash receipts increased by 35% when compared with the same period last year.
Shaun Di Gregorio, iProperty Group CEO said: “2012 has continued to grow at a rate in excess of our expectations. Our cash receipts reflect the application of our clear strategic plans in each of our core markets of Malaysia, Indonesia, Hong Kong plus Macau, and Singapore along with the recent launch of our commercial property portal, commercialasia.com.”
Di Gregorio also added that the company built the foundation of its business on their property agent customer base, and that their focus continues to evolve to the property developer adversing market. “The enormous advertising spend that property developers generate is now moving online and is beginning to contribute significantly to our outstanding growth.”
“By providing consumers across our core markets with the best possible experience when searching for property coupled with our commitment to driving leads to our advertisers, we are well positioned for the future,” concluded Di Gregorio.
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