Digital advertising business, REA Group (REA) has reported a better than expected 37% lift in its first half profit to $70.7 million

CommSec

Online Stockbroker

Digital advertising business, REA Group (REA) has reported a better than expected 37% lift in its first half profit to $70.7 million. REA is the company behind property websites such as realestate.com.au and property.com.au. The result was driven by a shift in focus from a subscription model for Real Estate Agents to a fee per listing. Its property advertising websites have been generating 22.5m monthly visits (2.7 times more than its nearest competitor). The 62% News Corp owned REA, declared a 30% franked $0.22/share interim dividend which will be paid to eligible shareholders on 18 March. Watch here:


CommSec
CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment