By Stuart CondieSYDNEY--REA Group raised its dividend and flagged strong demand at the start of its new fiscal year as the Australian real-estate advertiser lifted its annual profit by 24%. The ASX-listed company on Friday reported a core-operations net profit for the 12 months through June of 460.5 million Australian dollars (US$303.6 million), compared with A$372.2 million a year earlier. Including one-off items including an impairment against its PropertyGuru business, REA's statutory net profit fell to A$302.8 million, from A$356.1 million a year earlier. REA is 61% owned by News Corp., which owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. Write to Stuart Condie at stuart.condie@wsj.com(END) Dow Jones NewswiresAugust 08, 2024 18:48 ET (22:48 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal August 09, 2024 04:56 UTC