Domain Holdings Reports Q1FY20 Results, Revenue Down By 12%

  • Nov 11, 2019 AEDT
  • Team Kalkine

Domain Holdings Australia Limited (ASX: DHG) held its 2019 AGM today, wherein it reported that for quarter ending 31 October 2019, its Digital revenue was down around 8%, an improvement from FY19 Q4 which was down around 11%. And its total revenue was down around 12%, an improvement from FY19 Q4 which was down around 17%.

The reported revenues were impacted by increased revenue deferral arising from the extended duration of Platinum listing.

The company has also announced that it has signed a binding agreement to acquire 100 per cent of Bidtracker Holdings Pty Ltd which operates the business Real Time Agent.

At AEST 01:12PM, the stock was trading at $3.225 per share, up by 3.365% from its previous close.


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