REA Group Ltd Strong performance for 1H FY17

Strong performance for 1H FY17: REA Group Ltd (ASX: REA) reported its first half yearly results and have registered 16% rise in revenues to $337 million. EBITDA grew 13% to $200 million while NPAT was up 6% to $122 million. The company reported EPS of 92.5 cents, which is higher than 6% compared to its corresponding period. The company has rewarded investors with half yearly dividend of 40 cents, a handsome growth of 11%. The company further reported that its realestate.com.au is a clear market leader with number of visits and average monthly traffic to the website has been 47.9 million, nearly 2.3x of position 2 property website. The average time spend on the site has been observed at 7.6x of its immediate competitor property website while page views have been 5x against the second major website.       

 

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