August 15, 2019 / 11:22 PM / 10 days ago

Australia's Domain posts 29.3% slump in annual profit

Aug 16 (Reuters) - Real estates classifieds company Domain Holdings Australia Ltd on Friday posted a 29.3% fall in annual underlying profit, hurt by the sharpest property downturn in a generation.

Underlying net profit after tax for the year ended June 30 fell to A$37.4 million ($25.33 million) from A$52.9 million a year earlier. ($1 = 1.4765 Australian dollars) (Reporting by Shreya Mariam Job in Bengaluru; Editing by Arun Koyyur)

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