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BUZZ-Domain Holdings Australia hits over 2-month high on upbeat results, CEO appointment

ReutersFeb 13, 2025 1:31 AM

Shares of Domain Holdings Australia DHG.AX rise as much as 11.2% to A$3.305, their highest since November 6

Online property marketplace operator reports 1HFY25 NPAT of A$35.7 million ($22.41 million), beating Visible Alpha consensus by 16%, according to analysts at Citi

Posts 10% increase in revenue at A$223.8 million compared to previous year

Co also appoints Greg Ellis as interim CEO

Citi says appointment likely to be taken positively by investors

Stock posts biggest intraday pct gain since July 12

About 2.3 million shares change hands, vs the 30-day average of about 475,000 shares

Stock up 20% YTD, including session's moves

($1 = 1.5929 Australian dollars)

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