REA Group Limited (ASX: REA), the owner of realestate.com.au, today released its half-year report to the market.

In an ASX announcement, REA Group reported 8% growth in revenue to $314.8 million and a net profit of $114.9 million, down 9% on the prior corresponding period. If we exclude other income, gains on the sale of securities or businesses and losses from associates, we arrive at the figure REA Group reports as ‘Core Operations’. REA Group’s core net profit result was up 28%.

“Our results show strong revenue performance with 20% growth in the first half,” REA Group CEO, Tracey Fellows, said. “Our audience continues to grow as we innovate and deliver even better experiences for consumers.”

Average monthly visits to realestate.com.au rose 27% to 42 million. Indeed, REA Group’s Australian business was again the standout, however, the European business also reported robust revenue growth.

Our International growth has accelerated as we prepare to acquire iProperty Group in Asia,” Ms Fellows added. “We now have all approvals in place and look forward to completing the acquisition in the coming weeks.”

Pleasingly, the company’s board resolved to declare an interim dividend of 36 cents per share, fully franked. The ex-dividend and payment dates of the interim dividend are 2 March 2016 and 11 March 2016, respectively.

REA Group is good BUT...

Our expert analysts recently hand-picked their top technology stock idea for 2016. And it's easy to see why: It has a big dividend yield, is growing rapidly and has heaps of cash on its balance sheet. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool writer/analyst Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.