REA posts lift in FY profit

Online real estate advertiser to focus on products for Europe, Hong Kong markets.

Online real estate advertiser REA Group (REA) will focus on development and rollout of products for the Europe and Hong Kong markets after increasing profit and revenues this year.

Profit rose 26 per cent to $109.7 million in fiscal 2013, compared with $87 million in the previous corresponding period.

The group's revenue was $336.5 million in the year, up 21 per cent from $277.6 million the year before.

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