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BRIEF-REA Group Expects Revenue Growth Heavily Skewed Towards FY20 H2

Published 08/11/2019, 08:02 am
Updated 08/11/2019, 08:07 am
© Reuters.  BRIEF-REA Group Expects Revenue Growth Heavily Skewed Towards FY20 H2
REA
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Nov 8 (Reuters) - REA Group Ltd REA.AX :

* QTRLY EBITDA (EXCLUDING SHARE OF LOSSES OF ASSOCIATES AND JOINT VENTURES) $114.9 MILLION VERSUS $133.1 MILLION

* QTRLY REVENUE AFTER BROKER COMMISSIONS $202.3 MILLION VERSUS $221.9 MILLION

* LISTINGS FOR FIRST HALF OF FY20 ARE LIKELY TO BE LOWER THAN SAME HALF LAST YEAR

* EXPECT REVENUE GROWTH TO BE HEAVILY SKEWED TOWARDS SECOND HALF OF FY20

* NEW PROJECT COMMENCEMENTS ARE EXPECTED TO CONTINUE TO DECLINE FOR REMAINDER OF YEAR

* ANTICIPATE THAT MORE FAVOURABLE LISTINGS COMPARATIVES IN H2 OF FY20 WILL DELIVER A STRONGER REVENUE OUTCOME Source: Further company coverage: REA.AX

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