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News and Announcements

Real Estate Investar Delivers Strong Year on Year Growth – Surpasses Prospectus Forecast

  • Published September 02, 2016 1:05PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

31st August 2016, ASX Announcement

Highlights of FY 2016 include:

  • Revenue grew by 34.4% year on year to $5.4 million;
  • Adjusted EBITDA improved from a loss of $773k in FY 2015 to a loss of $543k in FY 2016;
  • Adjusted NPAT improved from a loss of $2.1 million in FY 2015 to a loss of $1.0 million in FY 2016;
  • Real Estate Investar surpassed its 16 November 2015 Prospectus forecast for revenues, EBITDA and NPAT;
  • Membership growth was 48.0% year on year with 202.423 members as to 30 June 2016;
  • The Company completed the sale of 52 properties to members during the year with the majority completed in June 2016; and
  • The Company acquired The Property Factory and signed partnership agreements with Domain Group and one of its subsidiaries APM Pricefinder.

Real Estate Investar Group Limited (“REV Group” or “Company“) (ASX:REV), a leading provider of online services to Australian and New Zealand property investors, has released its Appendix 4E Preliminary Final Report for the 12 months ended 30 June 2016.

To view the full announcement, please click on the button below.

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