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Company News Summary

Domain Holdings Australia Provides Chairman's Address to Shareholders

11 Nov 2019  |  10:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Chairman's Address to Shareholders

Domain Holdings Australia provided Chairman's address to shareholders. The Company reported a statutory net loss of $137.6m after taking into account items. A non-cash impairment charge of $178.8m was recognised against intangible assets as a result of the lower listings environment particularly in Sydney and Melbourne. Print revenues declined around 30% reflecting the continued structural shift to digital, exacerbated by cyclical market conditions.

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