An 8% decline in profits doesn’t hurt Domain Holdings Australia Ltd’s share price 

Credit: The Team

Property marketing company Domain Holdings Australia Ltd (ASX: DHG) – recently divested from Fairfax Media Limited (ASX: FXJ), which retains a 60% interest in the spin-off – made its first half year results announcement as a separately listed entity today, posting a $3.4 million statutory loss.  

The spin-off dates back to mid-November, so the report includes pro-forma results that account for Domain’s financial performance as if it had been a separately listed company for the current and previous corresponding period. Here are some key figures: 

  • Revenue up 12.5% to $183.3 million 
  • Expenses up 14.2% to $125.9 million 
  • EBITDA up 8.7% to $56.8 million  
  • NPAT down 8.1% from last year, but still positive at $24.7 million. 

Domain endured a decline in revenue from print magazines and announced cost initiatives aimed at enhancing the efficiency of the print segment – deemed strategic in attracting high-value audiences.

However, revenue increased in Domain’s digital operations, thanks to a solid performance of its listings portal’s core business and a 91.5% growth in commissions accruing from new ventures in loan broking, insurance and utilities product comparison. 

The results were positively received, with Domain and Fairfax shares climbing 3.83% and 2.79% respectively. 

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Tommaso Autorino has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.