Business
2 ASX shares that are growing profit very fast – Motley Fool Australia
There are some ASX growth shares that grew EBITDA by more than 100% in FY20 such as e-commerce business Redbubble Ltd (ASX:RBL).
Some ASX growth shares grew their operating profit by a lot in FY20. Some of them more than doubled the earnings before interest, tax, depreciation and amortisation (EBITDA).
As described in the linked EBITDA guide above, this profit measure is used to show the day to day profitability of a business.
Businesses that grow EBITDA usually grow net profit and earnings per share (EPS) too. EPS growth is a key factor that many investors focus on to determine the appropriate share price for a business.
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