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REA Group Limited

REA.AX

Latest Trade

138.42AUD

Change

-4.14(-2.90%)

Volume

237,995

Today's Range

137.69

 - 

143.90

52 Week Range

62.05

 - 

163.75

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

REA Group Posts HY Net Profit Of A$172.1 Mln

Feb 5 (Reuters) - REA Group Ltd <REA.AX>::H1 REVENUE A$ 413.4 MILLION.HY NET PROFIT OF A$172.1M, UP 13%.INTERIM DIVIDEND OF 59 CENTS PER SHARE.ANTICIPATES CORE OPERATING COSTS FOR FY21 TO BE BROADLY IN LINE WITH FY20.CONTINUE TO SEE STRONG LEVELS OF BUYER ENQUIRY.LISTINGS PRESSURE ANTICIPATED TO CONTINUE IN SECOND HALF.SEES H2 OPERATING COSTS INCREASING AS BENEFITS OF COVID-19 RELATED SAVINGS SUCH AS TRAVEL AND ENTERTAINMENT REDUCE.ASIA REVENUES LIKELY TO BE NEGATIVELY IMPACTED FOR REMAINDER OF FY21 GIVEN RESTRICTIONS STILL IN PLACE IN MALAYSIA.

REA Group Says Moved To Controlling Interest In Elara

Dec 17 (Reuters) - REA Group Ltd <REA.AX>::MOVES TO CONTROLLING INTEREST IN ELARA.REA'S SHAREHOLDING IN ELARA INCREASED TO 54.3% FROM 13.5%.CONSIDERATION PAID WAS US$34.5M CASH (A$48.9M) AND ISSUE OF 318,323 NEW REA SHARES.NEWS CORP HAS ALSO SUBSCRIBED FOR US$34.5M OF PREFERENCE SHARES IN ELARA, AND ITS SHAREHOLDING IN ELARA HAS INCREASED TO 39.0%.HAS OFFERED TO ACQUIRE REMAINING 6.7% MINORITY INTEREST IN ELARA.CONSIDERATION FOR REMAINING MINORITY INTEREST WILL BE PAID BY ISSUE OF A MAXIMUM OF 107,355 REA SHARES.HAS RIGHT TO APPOINT 5 OUT OF 9 ELARA BOARD SEATS & WILL CONSOLIDATE ELARA'S FINANCIAL RESULTS EFFECTIVE 31 DEC.

REA Group Posts Qtrly Revenue After Broker Commissions $195.7 Million

Nov 6 (Reuters) - REA Group Ltd <REA.AX>::QTRLY REVENUE AFTER BROKER COMMISSIONS $ 195.7 MILLION VERSUS $202.3 MILLION.CONTINUE TO TARGET NO INCREASE IN CORE OPERATING COSTS FOR FY21.QTRLY EBITDA (EXCLUDING SHARE OF GAINS/ LOSSES OF ASSOCIATES AND JOINT VENTURES) $123.8 MILLION VERSUS $114.9 MILLION.GROUP WILL NOT IMPLEMENT PRICE RISES IN FY21.BIS OXFORD IS FORECASTING CONTINUED REDUCTIONS IN NEW DEVELOPMENTS UNTIL CY 2022, WHICH ARE LIKELY TO NEGATIVELY IMPACT REVENUE IN FY21.

REA Group To Acquire Controlling Interest In Elara

Oct 29 (Reuters) - REA Group Ltd <REA.AX>::REA GROUP TO ACQUIRE CONTROLLING INTEREST IN ELARA.ENTERED INTO A BINDING AGREEMENT TO INCREASE ITS OWNERSHIP INTEREST IN ELARA TECHNOLOGIES.TOTAL CONSIDERATION FOR TRANSACTION IS EXPECTED TO BE IN RANGE OF US$50M - US$70M.ON COMPLETION REA WILL HOLD 5 OUT OF 9 BOARD SEATS AND IS EXPECTED TO HAVE A SHAREHOLDING OF BETWEEN 47.2% AND 61.1%.ASSUMING DEAL COMPLETION, SEES FY21 REVENUES TO INCREASE BETWEEN A$15M - A$20M.ASSUMING DEAL COMPLETION, SEES FY21 CORE OPERATING EBITDA DECREASING BY A$20M - A$25M.

REA Group Sees Q1 FY21 Core Operating Costs About 5-10% Lower

Aug 7 (Reuters) - REA Group Ltd <REA.AX>::Q1 FY21 CORE OPERATING COSTS ARE EXPECTED TO BE ABOUT 5-10% LOWER.IN RESPONSE TO EFFECTS OF COVID-19 ON REAL ESTATE MARKET, GROUP DEFERRED PRICE INCREASES WHICH WERE DUE TO TAKE EFFECT ON 1 JULY.WILL ONLY IMPLEMENT PRICE CHANGES IF SUSTAINED RESIDENTIAL MARKET RECOVERY IS EVIDENT.LATEST COVID-19 RESTRICTIONS IN MELBOURNE LIKELY TO CAUSE SIGNIFICANT SHORT-TERM WEAKNESS IN LISTING VOLUMES FOR DURATION OF LOCKDOWN.UNDER COMMERCIAL DEVELOPER BUSINESS, NEW PROJECT COMMENCEMENTS EXPECTED TO CONTINUE TO DECLINE UNTIL Q4 FY21 IN AUSTRALIA.WEAKNESS IN LISTING VOLUMES DUE TO RESTRICTIONS IN MELBOURNE LIKELY TO CONTRIBUTE TO ADVERSE IMPACTS ON REVENUE IN Q1 FY21.

REA Group Posts FY Net Profit Attributable Of $112.6 Mln

Aug 7 (Reuters) - REA Group Ltd <REA.AX>::FY REVENUE $820.3 MILLION VERSUS $874.9 MILLION.FINAL DIVIDEND PER SHARE 55.0 CENTS.FY NET PROFIT ATTRIBUTABLE $112.6 MILLION VERSUS $105.3 MILLION.

Rea Group Posts Qtrly Revenue After Broker Commissions Of $199.8 Mln

May 8 (Reuters) - REA Group Ltd <REA.AX>::QTRLY REVENUE AFTER BROKER COMMISSIONS $ 199.8 MILLION VERSUS $198.6 MILLION.REA GROUP LTD IMPACTED DUE TO SOCIAL DISTANCING MEASURES, BUSINESS CLOSURES DUE TO COVID-19.QTRLY EBITDA EXCLUDING SHARE OF LOSSES OF ASSOCIATES & JV $119.6 MILLION VERSUS $110.7 MILLION.TO DATE THERE HAS BEEN NEGATIVE IMPACT ON RESIDENTIAL LISTINGS, WITH APRIL NATIONAL RESIDENTIAL LISTINGS DOWN 33%.Q4 CORE OPERATING EXPENSES ARE EXPECTED TO BE ABOUT 20% LOWER ON PCP.HAS CASH BALANCE OF $135 MILLION AS AT 30 APRIL 2020.WORKING PROACTIVELY TO OFFSET PORTION OF ANTICIPATED REVENUE LOSSES BY IMPLEMENTING COST-SAVING INITIATIVES.ENTERED ADDITIONAL $149 MILLION LOAN FACILITY WITH EXISTING BANKING SYNDICATE WHICH MATURES IN DEC 2021.ALSO ARRANGED A $20 MILLION OVERDRAFT FACILITY WITH NAB.FACILITIES IN PLACE IN CASE OF SIGNIFICANT AND PROLONGED MARKET DOWNTURN; NEITHER FACILITY EXPECTED TO BE DRAWN AT JUNE 30, 2020.COST-SAVING INITIATIVES INCLUDE WORKFORCE PLANNING, LOWER MARKETING SPEND AND REVIEW OF ALL SUPPLIER ARRANGEMENTS.

REA Group Is Assessing Potential Impact On Group's Fy20 Financial Performance & Withdraw Previous Outlook

March 18 (Reuters) - REA Group Ltd <REA.AX>::CURRENTLY ASSESSING POTENTIAL IMPACT ON REA GROUP'S FY20 FINANCIAL PERFORMANCE AND WITHDRAW PREVIOUS OUTLOOK.NOT POSSIBLE TO PREDICT IMPACT OF CURRENT ENVIRONMENT ON RESIDENTIAL LISTING VOLUMES.REA GROUP RESPONSE TO COVID-19.

REA Group Ltd Says Anticipate More Favourable Listings Conditions In H2

Feb 7 (Reuters) - REA Group Ltd <REA.AX>::ANTICIPATE MORE FAVOURABLE LISTINGS CONDITIONS IN H2 OF FY20.LISTINGS REMAIN CHALLENGING WITH AUSTRALIAN RESIDENTIAL VOLUMES DOWN 13% IN JAN 2020.FULL YEAR REVENUE GROWTH IS DEPENDENT ON IMPROVED LISTINGS CONDITIONS IN SECOND HALF IN AUSTRALIA.RATE OF REVENUE GROWTH IN AUSTRALIA EXPECTED TO EXCEED RATE OF COST GROWTH FOR FY.

REA Group Ltd Posts HY Net Profit Attributable $147.6 Mln

Feb 7 (Reuters) - REA Group Ltd <REA.AX>::HY NET PROFIT FOR PERIOD ATTRIBUTABLE $147.6 MILLION VERSUS $2.3 MILLION.H1 REVENUE $440.3 MILLION, DOWN 6%.ANNOUNCES INTERIM DIVIDEND OF 55.0 CENTS PER SHARE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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