REA reports stronger results FY17

Company News

by Jessica Amir

REA Group (ASX:REA) has announced its net profit after tax rose 12 per cent to $228.3 million for the full year ending 30 June 2017, compared with the prior corresponding period.

The leading property group’s revenue advanced 16 per cent up to $671.2 million, compared to the $579.1 million in the FY16.

REA says their focus on customer products and experiences bolstered their results.

REA’s EBITDA rose 16 per cent to $380.9 million for the year.

The company declared a 2017 full year dividend of 91 cents per share, that’s a 12 per cent gain compared to prior corresponding period.

 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.