WebMotors, Brazil’s No. 1 autos vertical by revenue, saw its net income for FY2018 increase 52.1 percent to BRL 44.2 million ($11.4 million US), according to a company’s document filing.
It posted a gross profit of BRL124 million ($32 million U.S.) in FY18 — up from BRL 94.8 million ($24.4 million US) in FY2017.
WebMotors recently named Eduardo Jurcevic as the company’s CEO. It also launched a new site.