BUZZ-Australia's REA Group hits over 2-year low as half-year profit disappoints
Reuters
Feb 06
BUZZ-Australia's REA Group hits over 2-year low as half-year profit disappoints
** Shares of REA Group REA.AX fall as much as 17.8% to A$150.01, their lowest level since November 2023
** Stock among top losers on the benchmark
** Property listings firm reports a 24% decrease in half-year net profit, amounting to A$336.3 million ($232.99 million)
** Shares down 6.7% on YTD basis, including current moves
($1 = 1.4434 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))
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