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Profits jump by over €1.1m at DoneDeal firm

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Done Deal chief, John Warburton

Done Deal chief, John Warburton

Done Deal chief, John Warburton

The firm behind online classifieds website donedeal.ie enjoyed profits of more than €1.1m last year after revenues rose 33pc to €8m.

According to chief executive John Warburton, inset, "2013 was a fantastic year".

With revenues boosted from advertising anything from ponies to dolls to heifers to ewe lambs, Done Deal is expanding.

Mr Warburton confirmed that the firm will be "recruiting more staff in 2015".

The firm currently employs 50 staff at its offices in Dublin and Wexford and Mr Warburton said: "In 2013 we had an average of 140,000 new ads on the website each month and almost 500,000 visitors per day. This has grown even more and we currently have 160,000 ads placed each month and more than 570,000 visits per day."

New accounts filed by the firm show that its accumulated profits roe to €3.9m in 2013.

The profit jump followed profits rising by €1.4m in 2012.

In 2013, the firm's cash pile increased from €3.4m to €4.2m.

On the firm's 2014 performance, Mr Warburton said: "2014 was another great year for DoneDeal".

"We have made a number of strategic high level hires in 2014 which will help us grow the company even more. Recent comScore data shows that we are now the most visited Irish website and downloaded Irish app and we intend to keep it that way into 2015," he added.

DoneDeal was established in 2004 by husband and wife team Fred and Geraldine Karlsson.

Irish Independent