Login or request a free trial

Roll-up working for RP Data

A late release of the RP Data profit just before the market close yesterday provided a spring to the data vendor's share to just shy of $2, still below its four-month trend.A provider of residential and commercial property data in Australia and New Zealand, RP Data reported a net profit after tax of just over $8 million, a 76 per cent increase on the 2006 financial year.Acquisitions explain the profit growth.CEO Graham Mirabito highlighted in the media release operational achievements including the acquisition of CityScope, Upmarket, HomeOpen and LocalWise.Earlier in the week Mirabito announced the acquisition of Pacific Property Technologies, a provider of electronic desktop valuations services.PPT systems connect mortgage finance companies with valuation services providers such as valuers, and new valuation technologies such as the RP Data automated valuation model.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day