Recruitment website Seek
(ASX:SEK) has released its FY2017 annual results, posting more than $1 billion in revenue for the first time.
Seek’s profits however were down from the previous year to $340.2 million.
EBITDA was up 2 per cent compared to the previous year, a reflection of its continued investments, capitalising on long-term growth opportunities.
Seek’s Chinese-based company Zhaopin has seen a 13% growth to $372.9 million, whereas Brasil Online has dropped 5%.
Revenue in Seek Asia has declined due to economic conditions, which the company said are beginning to improve.
Shares in Seek
(ASX:SEK) are trading 1.37 per cent higher to $18.49.
