Domain Holdings Australia post 29.3% fall in NPAT

Company News

by Rachael Jones

Domain Holdings Australia (ASX:DHG) today announced its 2019 full-year financial results showing net profit after tax of $37.4 million down 29.3 per cent.

Revenue of $335.6 million down 6.1 per cent.

EBITDA of $98.0 million down 15.3 per cent.

Domain Chief Executive Officer and Managing Director, Jason Pellegrino, says "Domain delivered a solid performance in the context of the challenging year faced by the Australian property market. Property sales as a percentage of Australia's dwelling stock are at their lowest point in more than 20 years".

Shares in Domain Holdings Australia (ASX:DHG) are trading 2.44 per cent lower at $2.80. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.