Business
REA Group suffers profit drop, flags Melbourne lockdown hit – Sydney Morning Herald
REA Group has warned that new restrictions in Melbourne could impact earnings as it a decline in full-year earnings decline.
“The property market has shown great resilience, bouncing back from the lows of COVID-19, however, the extent of this recovery is still dependent on the efforts to contain the virus and the outlook for the underlying economy. We have a strong balance sheet, a talented workforce and a loyal audience which will see us emerge an even stronger business once more normal conditions return,” Mr Wilson said.
But the company warned that while national residential listings had grown by 16 per cent in Jul…
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