Pattrick Smellie: BusinessDesk managing editor on TradeMe posting an increased net profit for the year to June

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. LISTEN ABOVESee omnystudio.com/listener for privacy information.