The REA Group (ASX:REA) delivers in challenging market conditions - Sequoia Direct Pty Ltd

07FebFebruary 7, 2020

The REA Group (ASX:REA) delivers in challenging market conditions

The REA Group (ASX:REA) today announced its results for the half-year ended 31 December 2019 showing revenue of $440.3 million and EBITDA of $272.1 million.

The company says the result was delivered in continued challenging market conditions with declines in new residential listing volumes and new project commencements.

National residential listings declined 14 per cent, which included listing declines of 17 per cent in Sydney and 16 per cent in Melbourne.

In addition, new project commencements declined 30 per cent over the half-year period.

Shares in the REA Group (ASX:REA) closed 0.77 per cent higher at $113.38 yesterday.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

27SepSeptember 27, 2019

Peter Shaper and Joe Spytek appointed to board

27 Sep 2019 - Communication and IT solution provider, Speedcast International (ASX:SDA) has appointed Peter Shaper and Joe Spytek as independent non-executive directors as part of Speedcast’s Board renewal process.

19JunJune 19, 2020

Rio Tinto (ASX:RIO) Chairman apologises for destruction at Juukan Gorge, launches heritage review proces

19 Jun 2020 - Rio Tinto Chairman, Simon Thompson has apologised to the traditional owners of Juukan Gorge for its controversial destruction of indigeneous caves at the site in the Pilbara.

21MayMay 21, 2020

Infratil (ASX:IFT) says CDC Data Centres are expanding into New Zealand

21 May 2020 - Infrastructure company Infratil (ASX:IFT) is pleased to announce that CDC Data Centres is expanding into New Zealand.

03MarMarch 3, 2021

BWX (ASX:BWX) issues first tranche of shares to Chemist Warehouse

03 Mar 2021 - BWX (ASX:BWX) has issued the first tranche of shares to Chemist Warehouse Group as part of its five-year equity-linked strategic partnership.

13AprApril 13, 2021

GR Engineering (ASX:GNG) inks $59.5m deal in WA

13 Apr 2021 - GR Engineering Services (ASX:GNG) has officially inked a $59.5 million deal with gold producer Pantoro (ASX:PNR).

25JanJanuary 25, 2024

Stocks of the Hour: EV Resources, Antilles Gold, Respiri

25 Jan 2024 - A snapshot of the stocks on the move, featuring EV Resources (ASX:EVR), Antilles Gold (ASX:AAU, OTCQB:ANTMF) and Respiri (ASX:RSH; OTCQB: RSHUF).

10NovNovember 10, 2021

Stocks of the Hour: Vicinity Centres, Ingenia Communities & Codan

10 Nov 2021 - A snapshot of the stocks on the move, featuring Vicinity Centres (ASX:VCX), Ingenia Communities (ASX:INA) & Codan (ASX:CDA).

30SepSeptember 30, 2022

Stocks of the Hour: AIC Mines, Alchemy Resources, Winsome Resources

30 Sep 2022 - A snapshot of the stocks on the move featuring AIC Mines (ASX:A1M), Alchemy Resources (ASX:ALY) and Winsome Resources (ASX:WR1).

12FebFebruary 12, 2020

ELMO (ASX:ELO) agrees to buy Vocam

12 Feb 2020 - ELMO (ASX:ELO) has executed a binding sale agreement to purchase 100 per cent of the shares in Vocam group entities.

20AugAugust 20, 2024

Stocks of the Hour: Corella Resources, Green Technology Metals, Lithium Universe

20 Aug 2024 - A snapshot of the stocks on the move, featuring Corella Resources (ASX:CR9), Green Technology Metals (ASX:GT1) and Lithium Universe (ASX:LU7).