Real-estate advertiser Domain Holdings Australia sees significant profit growth

  • Domain Holdings Australia reports over 70% increase in first-half profit
  • Profit boosted by price rises and recovery in listings volumes
  • Revenue rose by 11% to A$203.5 million
  • Expenses increased by 3.9% to A$136.2 million
  • Domain maintains guidance for mid-to-high single digit increase in full fiscal year
  • CEO cites challenging volumes in markets outside of Sydney and Melbourne
  • Controllable yield rose 15% on year, with average revenue per sale listing rising 20%
  • Early signs of improvement in Sydney and Melbourne listings for second half of fiscal year

Real-estate advertiser Domain Holdings Australia has reported a more than 70% increase in first-half profit, driven by price rises and a recovery in listings volumes in Australia’s two largest cities. The company’s net profit for the 12 months through December reached A$24.4 million, compared to A$14.1 million the previous year. Revenue also rose by 11% to A$203.5 million. Despite challenging volumes in markets outside of Sydney and Melbourne, Domain maintained its guidance for a mid-to-high single digit increase in full fiscal year. The company saw a 15% rise in controllable yield and a 20% increase in average revenue per sale listing. Early signs of improvement in Sydney and Melbourne listings have been observed for the second half of the fiscal year.

Public Companies: Domain Holdings Australia (ASX:DHG), REA Group (ASX:REA), News Corp. (NASDAQ:NWSA)
Private Companies:
Key People: Jason Pellegrino (Chief Executive), Roger Samuel (Analyst)

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Factuality Level: 7
Justification: The article provides financial information about Domain Holdings Australia, including its first-half profit, revenue, and expenses. It also includes statements from the company’s CEO and mentions analyst forecasts. However, the article lacks in-depth analysis and context, and it does not provide a balanced perspective by including viewpoints from other sources.

Noise Level: 4
Justification: The article provides information on Domain Holdings Australia’s first-half profit increase and revenue rise. It includes some financial data and analyst forecasts. However, it lacks in-depth analysis, evidence, and actionable insights. It stays on topic and does not dive into unrelated territories.

Financial Relevance: Yes
Financial Markets Impacted: Real estate market in Australia, Domain Holdings Australia

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial topic of Domain Holdings Australia’s first-half profit increase. There is no mention of any extreme events.

Reported publicly: www.marketwatch.com