REA Group Limited (ASX:REA) today released details of the year to date financial information which was reported by News Corp on 8 May 2014 (New York time). The News Corp report includes financial information for REA Group and its subsidiaries for the nine months ended 31 March 2014.
A summary table of the financial information for the nine months ended 31 March 2014 and prior corresponding period is presented below. This information is presented in Australian dollars and is prepared under AIFRS.
A full copy of the Form 10-Q to be filed with the U.S. Securities and Exchange Commission (SEC) on 9 May 2014 (New York time) will be lodged with the ASX when it becomes available. It is noted that the reported US Dollar figures in the Form 10-Q may not agree to the Australian Dollar figures below, as the reported figures are presented in accordance with generally accepted accounting principles in the US by which News Corp must comply.
1 FY2014 Q3 results are based on unaudited financial information
2 Free cash flow is REA Group consolidated cash flows before dividends paid
REA Group Chairman Hamish McLennan said “Revenue growth of 30% and EBITDA growth of 38% over the prior corresponding period is an excellent result for the management team. It demonstrates the strength of the business as we continue to deliver on our growth strategy.”
SOURCE: REA Group