Geelong Advertiser

Profit boost for property website


THE operator of Australia’s most popular property sales website has achieved a 34 per cent rise in underlying halfyear profit to $95 million.

REA Group, which owns and realcommer­, achieved strong growth in revenue and earnings in the six months to December 31, lifting its profit from $71 million in the same period a year earlier.

Net profit, which included benefits from the sale of a business and securities, was up 79 per cent to $126 million.

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