Australia's Domain Holdings falls most in over 2 years on cost pressures

Domain Holdings Australia

17/08/2022 02:06

** Shares in property listing firm Domain Holdings Australia
 DHG.AX  slip as much as 10.4% to A$3.630, on track for their
biggest single-day pct loss since July 2020
    ** Co flags cost pressures going into FY23  urn:newsml:reuters.com:*:nFWN2ZS5ZC
    ** Says FY23 will see expense impact of FY22 acquisitions,
which are expected to add about A$27 mln ($18.94 mln) to ongoing
operating expenses 
    ** DHG anticipates FY23 EBITDA margins to be stable on an
ongoing cost basis
    ** Shares hit their lowest since Aug. 9 
    ** Stock down 30.3% this year as of last close, vs a 4.8%
decrease in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.4255 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))