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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.