May 8 (Reuters) - REA Group Ltd REA.AX :
* QTRLY REVENUE AFTER BROKER COMMISSIONS $ 199.8 MILLION VERSUS $198.6 MILLION
* REA GROUP LTD IMPACTED DUE TO SOCIAL DISTANCING MEASURES, BUSINESS CLOSURES DUE TO COVID-19
* QTRLY EBITDA EXCLUDING SHARE OF LOSSES OF ASSOCIATES & JV $119.6 MILLION VERSUS $110.7 MILLION
* TO DATE THERE HAS BEEN NEGATIVE IMPACT ON RESIDENTIAL LISTINGS, WITH APRIL NATIONAL RESIDENTIAL LISTINGS DOWN 33%
* Q4 CORE OPERATING EXPENSES ARE EXPECTED TO BE ABOUT 20% LOWER ON PCP
* HAS CASH BALANCE OF $135 MILLION AS AT 30 APRIL 2020
* WORKING PROACTIVELY TO OFFSET PORTION OF ANTICIPATED REVENUE LOSSES BY IMPLEMENTING COST-SAVING INITIATIVES
* ENTERED ADDITIONAL $149 MILLION LOAN FACILITY WITH EXISTING BANKING SYNDICATE WHICH MATURES IN DEC 2021
* ALSO ARRANGED A $20 MILLION OVERDRAFT FACILITY WITH NAB
* FACILITIES IN PLACE IN CASE OF SIGNIFICANT AND PROLONGED MARKET DOWNTURN; NEITHER FACILITY EXPECTED TO BE DRAWN AT JUNE 30, 2020
* COST-SAVING INITIATIVES INCLUDE WORKFORCE PLANNING, LOWER MARKETING SPEND AND REVIEW OF ALL SUPPLIER ARRANGEMENTS