Telephone directory owner Yellow Pages Group said first quarter revenue was up 7.4 per cent, and the company was on track to meet its annual earning forecast.
Quarterly revenue was $78 million, while earnings before interest, tax, depreciation and amortisation (ebitda) was $47m, or $400,000 above forecast, acting chief financial officer Greg Hurn said.
Online revenue was up 12 per cent on a year earlier, and revenue from the Yellow and White pages phone books up 7 per cent. Yellow Pages' Retirement guide revenue grew by 51 per cent for the quarter.
The company expected to meet its full-year target of $171m ebitda, up 7.6 per cent.
YPG has previously said it expected to make a net loss after tax of $14.6m, including significant non-cash items such as $15m in depreciation and amortisation, and $27m in non-cash financing.
Print directories provided the bulk of revenue, and continued to grow in contrast to directory markets overseas, Mr Hurn said. Eventually, online and other media revenue was expected to outpace the traditional print revenues.
Telecom sold the directories business in April to CCMP Capital Asia Pte and Teachers' Private Capital -- the private investment arm of Ontario Teachers' Pension Plan -- for $2.24 billion.