First Impression: REA Group (REA) 1H17
Reported net profit of $292.1m includes $161.6m from sale of European business | Australia revenue: Listing up 16%, Subscription up 1%, Media display steady.Average monthly visits to realestate.com.au grew 14% and are 27.8 million | Net operating cash flow up 15.3% to $135.2m | Outlook: No quantitative guidance provided. “These results and innovations highlight the long-term growth potential we see in the region. Asia is early in the transition to digital advertising and the opportunity for us is very clear as we build greater connections across our network. We will continue to focus on Asia, along with our continued relationship with Move in the US.”
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.