REA lifts nine-month earnings

REA Group (REA) has posted a 38% lift in nine-month earnings, saying the increase shows the strength of the business.

Earnings before interest, tax, depreciation and amortisation rose to $162 million in the nine months to March 31 2014, up from $117m in the same period a year earlier.

Revenue lifted to $318m in the nine months, up from $244m in the previous corresponding period.

Chairman Hamish McLennan said the growth was an "excellent result" and "demonstrates the strength of the business as we continue to deliver on our growth strategy."