Pattrick Smellie: BusinessDesk managing editor on TradeMe posting an increased net profit for the year to June - Heather du Plessis-Allan Drive

Online auction site TradeMe posted a $4.7 million net profit after tax for the year to June, turning around earlier losses.

Experts believe the return to profit came from the site raising their prices- especially in its property arm.

BusinessDesk managing editor Pattrick Smellie explains how this increased net profit impacts TradeMe's overall earnings.

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