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

Reuters
02-13
BUZZ-Domain Holdings Australia hits over 2-month high on upbeat results, CEO appointment

** 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))

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