Online real estate advertiser REA Group Limited
(ASX:REA) has reported a 29 per cent jump in its full year net profit.
The publisher of realestate.com.au generated a net profit of $86.8 million in fiscal 2012 and has described the result as excellent and robust.
CEO and Managing Director Greg Ellis says REA achieved 15 per cent growth in its Australian residential, commercial and media business and surpassed one million downloads of its realestate.com.au mobile apps.
REA has increased its final dividend by 28 per cent and declared a fully franked final dividend of 20.5 cents per share.
Shares in REA Group closed 2.91 per cent higher following the announcement, finishing yesterday’s session at $15.20.
