The REA Group (ASX:REA) report a 14% drop in EBITDA for the first quarter

  • Home
  • Company News
  • The REA Group (ASX:REA) report a 14% drop in EBITDA for the first quarter
08Nov

The REA Group (ASX:REA) report a 14% drop in EBITDA for the first quarter

 

Online real estate classifieds company the REA Group (ASX:REA) reported a 14 per cent drop in earnings before interest, tax, depreciation and amortisation (EBITDA) to $114.9 million for the first quarter ending September. 30th.

The Group’s result was delivered in a challenging market with declines in new residential listing volumes and new project commencements.

National listings declined 15 per cent over the three month period, including listing declines of 22 per cent in Sydney and 21 per cent in Melbourne.

Shares in the REA Group (ASX:REA) are trading 3.48 per cent lower at $102.99.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

10Aug

Adairs (ASX:ADH) profit increases 19% for year

10 Aug 2020 - Bedding company Adairs (ASX:ADH) reports a 19% lift in FY2020 net profit after tax of $35.3 million compared to a year ago.

Read More
18Sep

Centuria Metropolitan REIT buys A-grade offices in Sydney and Perth

18 Sep 2019 - Centuria Property Funds, as Responsible Entity for the Centuria Metropolitan REIT (ASX:CMA), is pleased to announce the acquisition of interests in two A-grade office properties in fringe CBD locations across Sydney and Perth for a total purchase price of $380.5 million.

Read More
25Jul

Stocks of the Hour: Genex Power, Terracom, Flight Centre Travel

25 Jul 2022 - A snapshot of the stocks on the move featuring Genex Power (ASX:GNX), Terracom (ASX:TER) and Flight Centre Travel (ASX:FLT).

Read More
09Jan

Catapult Group International (ASX:CAT) sign deal with a Colombian professional football league

09 Jan 2020 - Catapult Group International (ASX:CAT) has signed a deal with DIMAYOR, a Colombian professional league for association football clubs.

Read More
17Sep

AngloGold Ashanti (ASX:AGG) reports that Boston Shaker mine achieves commercial production

17 Sep 2020 - AngloGold Ashanti (ASX:AGG) in conjunction with its joint venture partner IGO Ltd, is pleased to announce that commercial production has been declared at the Boston Shaker underground mine at Tropicana in Western Australia.

Read More
07Feb

Kathmandu (ASX:KMD) report rise in Rip Curl sales

07 Feb 2020 - Adventure retailer Kathmandu (ASX:KMD) report group underlying EBIT for the first half of financial year 2020 is expected to be around 40 per cent above the same period last year following the successful acquisition of surf retailer Rip Curl.

Read More
16Jun

Phoslock Environment Technologies (ASX:PET) slashes revenue guidance due to Covid-19

16 Jun 2020 - Phoslock Environment Technologies (ASX:PET) has slashed its short term forecasts to a range of $30 – 40 million for full year 2020.

Read More
17Nov

Volpara Health Technologies (ASX:VHT) join forces to improve breast assessment

17 Nov 2020 - Volpara Health Technologies (ASX:VHT) has today announced the launch of BreastED, a first-of-its-kind online breast density training tool in collaboration with DetectED-X.

Read More
04Jun

Stocks of the Hour: ABx Group, ACDC Metals, Condor Energy

04 Jun 2024 - A snapshot of the stocks on the move, featuring ABx Group (ASX:ABX), ACDC Metals (ASX:ADC) and Condor Energy (ASX:CND).

Read More
31Mar

Lynas Corporation (ASX:LYC) has operations in Malaysia postponed for an extended period

31 Mar 2020 - Rare earths producer Lynas Corporation (ASX:LYC) is continuously assessing the effects of the shutdown of their Malaysia plant on the essential supply chains to which they contribute after an closure extension ordered by the government to help to help reduce the spread of COVD-19.

Read More