Domain Holdings Australia rises most in 7 weeks on strong March quarter

Domain Holdings Australia

03/05/2022 02:42

** Shares in property listing firm Domain Holdings Australia
 DHG.AX  rise as much as 4.7% to A$3.58, highest since April 26
    ** Stock could see its best day since March 17, if gains
hold
    ** DHG says March quarter revenue rose 24%, with digital
revenue up 25%
    ** Adds that co's controllable yield has expanded from 6% to
17%; H1 digital EBITDA margin up at more than 48% compared with
34.4% a year earlier
    ** DHG among top 10 pct. gainers in the ASX 200 benchmark
index  .AXJO 
    ** DHG down 39.2% this year, as of last close, vs a 1.3%
decline in the ASX 200 benchmark 

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))