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

Domain Holdings Australia

13/02/2025 01:31

** 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)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((JasmeenAraIslam.Shaikh@thomsonreuters.com))