The West

Job advertiser Seek grows profits
Job advertiser Seek grows profits

Online job advertiser Seek has lifted full year profit by 35 per cent and forecast further growth in the year ahead.

Seek made a net profit of $131.7 million in the year to June, up from $97.7 million in the previous corresponding period.

Chief executive Andrew Bassat today said all three of Seek's main businesses posted higher earnings in the year.

SEEK's three main businesses are its Australian and New Zealand jobs listings website, an education unit that offers teaching courses and student recruitment, and an international arm that holds SEEK's interests in offshore ventures.

"This was another record full year result despite far from buoyant conditions in all our markets," he said in a statement.

The Australian job ads site had 14.2 million visits in the month of July, Mr Bassat said.

He said weak economic conditions may persist in the short term, but the business had proved resilient to external shocks.

The company expected improved profit, revenue and earnings in the 2012/13 financial year, Mr Bassat said.

Seek declared a fully-franked final dividend of nine cents per share, up from 7.5 cents for the same period in the previous year.

The West Australian

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