iProperty Group Ltd, the owner of Asia’s No. 1 network of property portal sites and related real estate services, recently released its 4C statement demonstrating the strong organic growth of the business in the second quarter as well as first half of 2014.
Cash receipts for the second quarter were A$6.0 million resulting in a net operating cash inflow of A$0.2m. Cash receipts for the first half of 2014 were A$11.3m, up 26% on the same period last year.
The increase in cash receipts is an indicator for the strong underlying organic growth of the business during the first half of 2014. The group is currently finalising its half year end processing and review.
iProperty Group Managing Director and CEO, Georg Chmiel commented “this has been a very strong first half of 2014 and we have certainly extended our leadership position in the key markets we operate in.”
SOURCE: iProperty Group