Tem­ple & Web­ster

Money Magazine Australia - - VALUE.ABLE -

The share price of Australia’s largest online-only fur­ni­ture and home­wares re­tailer has tripled in the year ahead of de­liv­er­ing its first prof­itable quar­ter end­ing June 30,

2018, with EBITDA of about $500,000. It has a mar­ket cap­i­tal­i­sa­tion of $82 mil­lion. Thom­son

Reuters, the only analyst to cover the com­pany, ex­pects Tem­ple & Web­ster to de­liver a maiden an­nual profit in 2019 of $1.74 mil­lion. But as small lo­cal web­sites be­come more suc­cess­ful, its prod­ucts hit the radar of Ama­zon, which of­fers the same, sim­i­lar or knock-off items for a lower price.

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