REA profit rises as property ‘on the march’
Miranda WardMedia writer
Key Points
- Revenue ($m) 430.4 down 2.3pc frm year-earlier 440.3
- EBITDA ($m) 290.2 up 8.6pc from year-earlier 267.2
- Net profit ($m) 172.1 up 12.6pc from year-earlier 152.9
- Interim dividend (c) 59 v 55, payable on March 23
REA Group chief executive Owen Wilson says Australia’s property market “is on the march again” after the property listings portal reported a 13 per cent increase in first-half profit.
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Miranda Ward is a journalist covering media and marketing for The Australian Financial Review based in the Sydney office. Connect with Miranda on Twitter. Email Miranda at miward@afr.com
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