Revenue ($m) 138.4, down 12pc from year-earlier 157.6
Pre-tax profit ($m) 31.1 v 29.4
Net profit ($m) 19.6 v 19.37
Interim dividend (¢) nil v 2
Domain chief Jason Pellegrino says the real estate classifieds business has pushed its cost base “substantially down from three years ago”, rejecting market concerns as first-half revenue fell at the company and it omitted an interim dividend.
Domain reported an increase in net profit of 1.2 per cent to $19.6 million in the six months ended December 31, from $19.37 million in the year-earlier period, including a significant item of $200,000. The company is majority-owned by Nine Entertainment, publisher of The Australian Financial Review.
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Miranda Ward is a journalist covering media and marketing for The Australian Financial Review based in the Sydney office. Connect with Miranda on Twitter. Email Miranda at miward@afr.com
