ACN 126 188 538                                                                 c/o Australian Company Secretaries Pty Ltd...
ACN 126 188 538                                                                  c/o Australian Company Secretaries Pty Lt...
ACN 126 188 538                                                                        c/o Australian Company Secretaries ...
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iProperty Group Powers Ahead in 1H 2011

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iProperty Group Powers Ahead in 1H 2011

  1. 1. ACN 126 188 538 c/o Australian Company Secretaries Pty Ltd Level 3, 70 Pitt Street Sydney, NSW 2000 AUSTRALIA ASX/MEDIA RELEASE iProperty Group Delivers Strong Growth in First Half of 2011 th25 August 2011: iProperty Group Limited (ASX:IPP), the owner and operator of market leading realestate portals in Malaysia, Hong Kong, Singapore and Indonesia, today announced revenues of A$5.2million for the first half of 2011, a growth of 80% over the previous corresponding half year. AUD millions Growth 1H 2011 1H 2010 1H 2009 Revenues from Continuing Operations 80% 5.21 2.90 1.90 NPAT from Continuing Operations 26% (1.13) (1.54) (1.08) Operating Cash Flow 17% (0.72) (0.87) (0.61)On a local currency basis, Malaysia, Hong Kong and Singapore all delivered strong half year oncorresponding half year growth. Millions Currency Growth 1H 2011 1H 2010 1H 2009 Malaysia MYR 114% 9.82 4.59 2.44 Singapore SGD 79% 1.97 1.10 0.69 Hong Kong HKD 42% 4.56 3.20 1.61iProperty Group Chief Executive Officer, Shaun Di Gregorio, commented ”We have had a very strongstart to 2011. The first half results reflect our decision to focus on our three core markets of Malaysia,Hong Kong and Singapore. We are very clear on our business strategy and have significantlyimproved the quality of our management team. Our focus is to continue to build upon our marketleading positions by growing our online revenue with a focus on agent penetration, listings content,unique visitors and leads to our customers. We believe the progress we’ve made over the last sixmonths provides us with an excellent platform for continued strong growth.”MalaysiaiProperty.com.my is the leading property portal in Malaysia. It is the clear leader and continues todeliver strong growth, with half year on corresponding half year advertising revenues growing by146%. Revenue from the magazine and events business grew by 63% during the first half year. MYR millions Growth 1H 2011 1H 2010 1H 2009 Advertising Revenues 146% 6.88 2.80 1.16 Magazine and Events Revenues 63% 2.94 1.79 1.27Underlying this strong growth was an increase in paying agents to 6,828 as at 30 June 2011,representing growth of 58% from June 2010. During the same period the number of property listingsincreased by 71% and the number of unique visitors to the website grew by 108%. Growth 1H 2011 1H 2010 1H 2009 Paying Agents (as at June 30th ) 58% 6,828 4,318 2,271 Unique Visitors (June) 108% 892,894 429,276 267,729 Listings (June) 71% 171,000 100,001 58,496
  2. 2. ACN 126 188 538 c/o Australian Company Secretaries Pty Ltd Level 3, 70 Pitt Street Sydney, NSW 2000 AUSTRALIASingaporeiProperty.com.sg is the equal market leader in the Singapore market. During the first half of the year,revenues grew by 79% to SG$1.97 million. SGD millions Growth 1H 2011 1H 2010 1H 2009 Revenues 79% 1.97 1.10 0.69Underlying the strong first half growth has been a major focus on increasing the number of agents withthe result being a 42% increase from 4,111 as at 30 June 2010 to 5,846 as at 30 June 2011. Duringthe same period, there was a 61% increase in the number of property listings and a 139% increase inunique visitors. Growth 1H 2011 1H 2010 1H 2009 Paying Agents (as at June 30th) 42% 5,846 4,111 1,644 Unique Visitors (June) 139% 734,793 307,273 223,837 Listings 61% 73,625 45,672 22,691Hong KongIn Hong Kong, the iProperty Group operates under the GoHome.com.hk brand. GoHome is theleading property portal in Hong Kong. It has established a solid lead over its competitors andcontinues to deliver strong revenue growth, with half year on the corresponding half year revenuesgrowing by 42%. HKD millions Growth 1H 2011 1H 2010 1H 2009 Revenues 42% 4.56 3.20 1.61Underlying the strong growth in revenues has been an increase in paying real estate agency offices to871 as at 30 June 2011, representing an increase of 41% over the number of offices at 30 June 2010.During the same period, there was a 102% increase in property listings and a 75% increase in uniquevisitors. Growth 1H 2011 1H 2010 1H 2009 th Paying Agents (as at June 30 ) 41% 871 619 271 Unique Visitors (June) 75% 449,582 257,135 195,268 Listings (June) 102% 188,963 93,331 66,472OutlookHaving established a strong position in each of Malaysia, Hong Kong and Singapore, the focus for theGroup for the remainder of 2011 is to continue to build agent penetration, listings content, websitetraffic and leads to advertisers. The business will continue to be aggressive in pursuit of these goals aswe invest in our human capital and the long term benefit of effective and efficient sales and marketingexecution.At the same time the business will continue to be focused on the development of innovative solutionsfor its customers and providing consumers using the iProperty Group network of property portals withthe best possible experience when searching for property.With the completion of the acquisitions in Indonesia there will be a clear focus on rapidly growing theagent subscriber base, engaging property developers across Indonesia and increasing the consumertraffic to the website. This will be aided by the experience that the business has had in the growth of itsexisting core markets and the depth of experience that exists in the senior management team. -----END----
  3. 3. ACN 126 188 538 c/o Australian Company Secretaries Pty Ltd Level 3, 70 Pitt Street Sydney, NSW 2000 AUSTRALIA*Source: Google analytics, iProperty Group Internal statisticsFor more information please contact: Shaun Di Gregorio Nick Geddes Chief Executive Officer Company Secretary iProperty Group Ltd iProperty Group Limited Tel +61 1300 134 875 Mobile: +60 17207 6221 Fax +61 2 9233 4497 Email: shaundig@iproperty.com Email: ngeddes@austcosec.com.auAbout iProperty Group Limited (www.iproperty-group.com)Listed on the Australian Securities Exchange, iProperty Group formerly known as IPGA Limited (ASX:IPP) owns Asia’s leading network of property websites under the iProperty.com umbrella brand. TheCompany is focused on developing and operating Internet-based real estate portals with othercomplementary offerings in Asian markets. It currently operates consumer and business onlineproperty portals in the markets of Singapore, Malaysia , Hong Kong, and Indonesia with investments inIndia and the Philippines. With further expansion planned, iProperty Group is continuously working tocapitalise on its market-leading positions and the rapidly growing online property advertising marketthroughout the region.iProperty Group Limited Network of websites:Malaysia: iProperty.com MalaysiaSingapore: iProperty.com SingaporeHong Kong: GoHome.com.hk and House18.comIndonesia: rumah123.com and rumahdanproperti.comIndia: iProperty.com IndiaPhilippines: iProperty.com PhilippinesEvents: iProperty.com EXPOLuxury: iLuxuryasia.com

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