Business
Why the REA Group (ASX:REA) share price thumped the market in 2020
The REA Group Limited (ASX: REA) share price was a strong performer in 2020 despite the pandemic’s impact on the housing market.
The property listings company’s shares recorded a gain of 44% over the 12 months.
Why did the REA Group share price storm higher?
There were a couple of catalysts for the outperformance of the REA Group share price in 2020.
One of those was the company’s solid performance during the COVID-19 crisis.
Despite the significant disruption caused by COVID-19, REA Group still delivered a robust FY 2020 result.
REA Group may have experienced a sizeable 12% reduction in national listings in FY 2020, but it only reported a 6% decline in revenue to $820.3 million and a 5% decline in earnings before…
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