REAL Estate Corp (ASX: RNC) has recorded a profit after tax of $0.9 million for the six months to December 31, underpinned by a 10% increase in revenue, which was driven by a 55% increase in sales commission.
The result is an improvement from the previous year’s $0.8 million.
The company recently recommended investors accept the takeover offer $0.37 per share from Little Group, which is owned by former Toll boss Paul Little and his wife Jane Hansen.
Property Review
