Feb 8 (Reuters) - Real estate classified company REA Group's (REA) first-half net profit plummeted 98 percent due to a non-cash impairment charge of A$173.2 million ($123.02 million) in relation to its Asia business.
In a statement on Friday, the company said net profit came in at A$2.3 million for the six months ended Dec. 31, a staggering drop from the A$132.4 million reported a year ago.
However, REA Group's revenue was up 15 pct to A$469.2 million.
($1 = 1.4079 Australian dollars)
News: REA Australia's REA Group's first-half profit tumbles 98 percent
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Last
$235.71 |
Change
-2.450(1.03%) |
Mkt cap ! $31.14B | |||
| Open | High | Low | Value | Volume |
| $238.19 | $240.89 | $235.26 | $32.45M | 137.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 181 | $235.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $235.97 | 96 | 1 |
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| REA (ASX) Chart |