Australia’s RealEstate helps REA grow revenue

14 Nov 2013
Melbourne-based REA Group grew its revenue eleven percent to $90 million U.S. in Q1 of FY2014 from $81 million U.S. in Q1 of FY2013. EBITDA rose 26 percent to $44 million U.S. from $35 million U.S. The company's financial year ends on June 30. REA owns and operates 13 real estate portals worldwide, among them Australia

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.