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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$247.37 |
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Mkt cap ! $26.15B | |||
| Open | High | Low | Value | Volume |
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