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Interested in Sponsoring this event? Trade Me's online auction division had an earnings increase for the first time in two years. The online trading company's net profit fell 6. Its underlying profit, which excluded the costs for the FindSomeone website, rose 3.

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But it said its classified businesses, which included real estate, car and job advertising, all earned more, and its online auction division had an increase in earnings for the first time in two years. Trade Me wants to grow the number of retailers selling new products on its site, as well as tap into the increasing number of people shopping from their smartphones. Trade Me says it's a challenge to try and grow the business while remaining profitable, and it expects its reinvestment of money back into its operations will pay off in the next financial year.