Mitula announces positive results and new search sites

10/08/2016 11:14:00

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Digital classifieds business, the Mitula Group Ltd (ASX:MUA), has released its half year preliminary financial report for the six months ending 30 June 2016.

Mitula says its profit for the half year increased by 160.3% to $4.7 million.

The company also says its revenue rose by 52.7% over the previous corresponding period to $13.6 million.

The company says it added 26 new vertical search sites to its network, and it now has 79 of these sites in 49 countries.