AU market earnings: Domain Holdings reports solid financials but sees moderate growth
Despite delivering solid financial performance, including a significant increase in net profit, Domain Holdings is forecasting moderate growth, driven by a slowing pace in major real estate markets.
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This video was created on 16 August for IG audiences by ausbiz.
Key reporting season highlights
Domain Holdings reported strong profit growth, with a 28% increase in underlying profit to $49.4 million and a revenue rise of 13.1%. However, the company noted a slowdown in sales growth in Sydney and Melbourne.
GQG Partners reached a record $155.6 billion in funds under management, driven by strong investment performance and net inflows, though its stock underperformed peers.
Centuria Capital Group Office Real Estate Investment Trust (REIT) faced challenges, reporting funds from operations of $82.2 million, but saw a decline in net tangible assets and occupancy rates amid tough market conditions.
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