REA Group to write down $138 million US in Asia

28 Jun 2017

Australia’s REA Group (ASX: REA) announced Thursday that it expects to take a $180 million AUD ($137.6 million U.S.) non-cash impairment charge in its full-year results, due to weakened conditions in Asia.

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Angela Hawksford

Angela is a writer and journalist based in Sydney, Australia. She has extensive knowledge of the Australian real estate industry, having started her career in real estate advertising at News Limited newspapers, where she worked across a number of different mastheads in Sydney. She s also worked in television, magazines and online, and regularly contributes feature articles to The Sydney Morning Herald, MiNDFOOD and The Newcastle Herald. Angela also works as a content writer, creating written content for a number of SMEs across an array of industries, including real estate, education, technology and digital media.