Domain Holdings profit down but revenue up

Company News

by Anna Napoli

Real estate media and technology company Domain Holdings (ASX:DHG) has reported its net profit fell 8.1 per cent to $24.7 million for the first half year to December 2017.

On a positive note the company’s revenue increased 12.5 per cent on the prior corresponding period to $183.3 million.

Domains earnings (EBITDA) rose 8.7 per cent to $56.8 million when compared to the same time last year.

The company declared an interim dividend of 4 cents per share 30 per cent franked.

Shares in Domain (ASX:DHG ) are trading  2.79 per cent higher to $2.95.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.