Online real estate advertising company REA Group (ASX:REA) announced its reported profit dived 55 per cent in six months to 31 December 2017 to $132.4 million, compared to the prior corresponding period.
Its revenue rose 21 per cent to $406.8 million with real estate agents paying to feature more prominent property adds.
Its reported earnings (EBITDA) lifted by 15 per cent to $230.6 million.
The company’s operating expenses increased, while it also declared a 2018 interim dividend of 47 cent per share full franked, payable on 16 March 2018.
Shares in REA Group (ASX:REA) are trading 1.72 per cent lower at $70.28.