Trade Me has lifted its half year profit slightly, and has reached forecasts it issued ahead of its recent stock market flotation.
The online trading company was listed on the stock exchange in December after Fairfax Media sold a third of the company to pay back debt.
In its maiden half year results, the firm reported a net profit of $36.4 million, a rise of 5% on the same time a year earlier.
Revenue rose 13% to almost $70 million.
Trade Me's chief executive Jon Macdonald says the results are pleasing, especially given the patchy economic conditions.
He says Trade Me has a portfolio of businesses and they are each at different levels of maturity and therefore different growth rates.
But Mr Macdonald says all parts of the business are growing which is a good position to be in.
Shares in Trade Me fell 2 cents to $3.14 on Wednesday but were still more than 15% higher than their listing price.
