All-round growth boosts RP Data
By
Kevin Eddy
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26/08/2010 9:00:00 AM
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Property research firm RP Data has posted full-year profits of $7.7m.
The figure represents a 38% increase on 2009 figures, which RP Data attributed to "a strong underlying operational performance across all areas of the business". The company reported that it had seen solid growth in its core data business, with the number of average monthly customers up 9% and the average monthly spend per customer increasing to $335. Subscriptions from real estate agents, brokers and valuers also increased.
CEO Graham Mirabito trailed the company's plans for the next year, which include launching a new platform for data subscription services. It will also be concentrating on integrating the operations of ValEx and VMS, which it recently acquired, into the company.
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