CEO of real estate classifieds business says first-half result is ‘in line with expectations’

Domain has slumped to a $156.4 million first-half loss and declared a large impairment due to a drop in listings in Sydney and Melbourne’s stumbling property markets.

The real estate classifieds business declared a $178.8m non-cash goodwill impairment and lower listing volumes meant that, even stripping out the one-off hit, profit for the six months to December 30 dropped 14.2%.

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