Business
Why the REA Group (ASX:REA) share price has stormed 43% higher in 2020
The REA Group Limited (ASX: REA) share price has been a very strong performer in 2020.
Since the start of the year, the property listings company’s shares have stormed a sizeable 43% higher.
Why is the REA Group share price storming higher in 2020?
Investors have been fighting to get hold of REA Group’s shares in 2020 due to its resilient performance in FY 2020, its solid start to the new financial year, and its positive long term outlook.
In respect to FY 2020, REA Group was faced with a 12% reduction in national listings because of the pandemic. However, thanks to the resilience of its business, the company only reported a 6% decline in revenue to $820.3 million and a 5% decline in earnings before interest, tax,…
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