Company News Summary | 11 Nov 2019
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Domain Holdings Australia Provides Chairman's Address to Shareholders
10:12:00 | Associate analysts
Original annuncemenet: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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