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 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.