REA Group reports strong financial results

Company News

by David Chau

REA Group (ASX:REA), the digital advertising company for the property industry, has reported strong results for FY2016.

The Group says its revenue shot up 20% over the previous year, and is currently $629.8 million.

As for net profit, the REA Group says it went up by 16% over the previous year, and is sitting at $214.5 million.

Also, the Group has declared a total dividend of 81.5 cents per share, which is a 16% increase.

Finally, the Group’s EPS was up 16%, at 162.6 cents.

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