Domain, the majority owned Nine online classified business, posted a loss of $174.9 million for the full year to June.
Stripping out a noncash goodwill impairment of $178.8 million, underlying net profit after tax was $37.4 million, down 29.3%.
Revenue was down 6.1% to $335.6 million.
A fully franked dividend of four cents a share was declared, bringing the full year payout to six cents.
CEO Jason Pellegrino says his first 12 months at Domain have been focused on establishing and driving the strategy to support growth.
“Our vision is to build a customer-centric Australian property marketplace," he says.
Residential revenue increased 0.5% to $173 million despiet lower property listings.
National Domain new listings fell by around 12%, double the 6% decline reported in the first half.
“Despite the lower volumes in the market, we achieved national yield growth, with an increase in the number of agents on paid depth contracts in every state," says Pellegrino .
"Yield growth is driven by a healthy even mix of depth uptake and price increases based on the value we deliver to agents and vendors - and we still see considerable room to grow.”
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