REA rea group ltd
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News: REA REA Group Posts Qtrly Revenue After Broker Commissions $195.7 Million

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    06/11/20
    08:35
    Post #: 48678527

    Nov 6 (Reuters) - REA Group Ltd (REA) :

    • 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

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