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REA Group Announces FY 2019 Results

09 Aug 2019  |  08:47:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: REA Group announces FY19 results

REA Group announced its results for the year ended 30 June 2019. The financial highlights from core operations include revenue growth of 8% on the prior year to $874.9m, and an increase in EBITDA of 8% to $501.2m. The revenue growth was driven by an 8% increase in the Australian business. The Board has declared a final dividend of 63.0 cps fully franked. The Commercial and Developer businesses achieved 6% revenue growth despite a 23% decline in new project commencements.

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