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An announcement from REA Group Ltd ( (AU:REA) ) is now available.
REA Group Ltd reported significant financial growth for the half-year ended December 31, 2024, with revenue from ordinary activities increasing by 20% to A$872.9 million and net profit after tax surging by 257% to A$437.3 million compared to the previous year. The company also announced an increased interim dividend of 110 cents per share, reflecting its robust financial performance and commitment to returning value to shareholders. The period saw strategic changes in REA Group’s holdings, including the disposal of its interest in PropertyGuru Group Limited and an increase in its stake in Empirical CRE Pte. Ltd, as well as acquiring a stake in Athena Financial Pty Ltd. These adjustments signify REA Group’s focus on optimizing its investment portfolio to enhance its market position.
More about REA Group Ltd
REA Group Ltd operates in the digital real estate sector, primarily offering property and online advertising services, as well as financial services. The company focuses on leveraging digital platforms to connect property seekers with real estate opportunities, catering to a diverse market that includes residential and commercial properties.
YTD Price Performance: 7.08%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $20.51B
See more data about REA stock on TipRanks’ Stock Analysis page.
