The REA Group (ASX:REA) report a 14% drop in EBITDA for the first quarter - Sequoia Direct Pty Ltd

08NovNovember 8, 2019

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

Related Posts

01DecDecember 1, 2023

Stocks of the Hour: Dalaroo Metals, Electro Optic Systems, Perpetual Resources

01 Dec 2023 - A snapshot of the stocks on the move, featuring Dalaroo Metals, Electro Optic Systems and Perpetual Resources.

12JunJune 12, 2020

Incitec Pivot (ASX:IPL) raises over $57 million via share purchase plan

12 Jun 2020 - Fertilliser and explosives supplier Incitec Pivot (ASX:IPL) has completed its share purchase plan. The plan has raised about A$57.5 million from retail investors.

05MayMay 5, 2022

Stocks of the Hour: National Australia Bank, Qantas & QBE Insurance

05 May 2022 - A snapshot of the stocks on the move featuring National Australia Bank (ASX:NAB), Qantas (ASX:QAN) & QBE Insurance (ASX:QBE).

15JulJuly 15, 2020

Saracen Mineral Holdings (ASX:SAR) resumes operations at Carosue Dam after fatality

15 Jul 2020 - Saracen Mineral Holdings (ASX:SAR) has resumed operations at its Carosue Dam in WA after suspending them immediately following the recent fatality of a contractor.

16MarMarch 16, 2020

Crown Resorts (ASX:CWN) to deactivate gaming machines

16 Mar 2020 - Crown Resorts (ASX:CWN) says following consultation with the Victorian Government, they have implemented a policy covering a number of social distancing measures at its Crown Melbourne entertainment complex.

15NovNovember 15, 2019

Vango Mining (ASX:VAN) appoints Andrew Stocks as MD

14 Nov 2019 - Gold exploration and development company, Vango Mining (ASX:VAN), has appointed Andrew Stocks as the Company’s new Managing Director effective from 20 January 2020.

18MarMarch 18, 2021

Monadelphous Group (ASX:MND) secures 5 year crane contract with Fortescue Metals (ASX:FMG)

18 Mar 2021 - Engineering company Monadelphous Group (ASX:MND) has secured a new five-year crane services contract with Fortescue Metals Group Ltd (ASX:FMG).

28JanJanuary 28, 2020

Imugene (ASX:IMU) report PD1-Vaxx generates high levels of antibodies

28 Jan 2020 - Immuno-therapy company Imugene (ASX:IMU) report that studies have shown their PD1-Vaxx cancer immunotherapy drug generates high levels of antibodies.

15SepSeptember 15, 2020

Pilbara Minerals (ASX:PLS) achieve financial close for US$110m debt facility

15 Sep 2020 - Pilbara Minerals (ASX:PLS) has completed and executed the finance documents supporting the senior secured US$110M Finance Facility with BNP Paribas and the Clean Energy Finance Corporation (CEFC).

11NovNovember 11, 2019

EML Payments (ASX:EML) acquires Prepaid Financial Services in Europe

11 Nov 2019 - EML Payments (ASX:EML) has entered into a binding agreement to acquire PFS for an upfront enterprise value of $423 million plus an earn-out component of up to $103 million.