REA Group full-year profit jumps 37%

By Supratim Adhikari

REA has posted a net profit of $149. 9 million for the year ending June 30 2014, with revenue up 30 per cent (year-on-year) to $437. 5 million, and earnings before interest, taxes, depreciation, and amortisation (EBITDA) rising 37 per cent to $225. 1 million.

Last month, REA picked up a 17. 2 per cent stake in South East Asia-focused iProperty Group,  for $106 million from French real estate business SeLoger. com.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator


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