Lamudi today
announced its half-year results for 2016, showing good performance underpinning
strong business growth.
30 May 2016
●
99 percent increase in paid clients
●
104 percent rise in website traffic
●
87% net revenue
growth
Lamudi marked its
best half-year performance ever, with net revenue up 87 percent compared to
2015. More importantly, for an online property platform they observed a
record-setting increase in the number of paid clients using the website. They
recorded a jump of 99 percent in the number of agents and developers signed up
in 2016.
“Despite a weak
economic outlook in many parts of the world we have managed to grow our
business beyond expectations,” said Saad Arshed, managing director of Lamudi Pakistan
In addition to
strong revenue growth, Lamudi announced a 104 percent
increase in website visitors in the period to May 2016. “This is an important
metric for us, if people like our product, they return and they tell their
friends, seeing such a large increase in website traffic means we are on the
right track,” Arshed went on to say.
Lamudi—is unique in that it offers a full range
of properties to buy or rent, from affordable studios to large-scale commercial
buildings. Some months ago they introduced the Lamudi
Real Estate App, which has made searching for property a much more
convenient undertaking. “Our app means that as an agent you can list a property
in just a few clicks and have it sold by the end of the day while for buyers it
opens up the possibility of browsing through thousands of properties on the
go,” said Arshed.
Having received
$31.4 million in funding earlier this year, Lamudi has its sights on taking the
top spot in the competitive Pakistan Pakistan
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