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
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...

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