Domain Holdings Australia Limited (ASX:DHG) has entered into an agreement with its banking group for an additional debt facility & financial covenant waivers for June and December 2020. Through this, the company has strengthened its liquidity position for new $80 million debt facility for a period of 18 months.
The company has implemented cost initiatives to manage the potential impact of coronavirus.
DHG also provided Q3 FY2020 trading update:
- Digital revenue grew 3% during the quarter while 15% in March 2020.
- Total revenue improved by 1% while it soared up by 10% in March 2020.
At AEST: 12:02 PM, DHG shares were trading at $2.4, up by 11.628% from the previous close.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
