Shares in SEEK Limited
(ASX:SEK) rose this morning on news the online employment company has generated a record net profit in the first half of fiscal 2012.
In the last six months of 2011 SEEK delivered a net profit of $60.6 million, up 27 per cent from the year before.
The company says despite likely continuation of volatility in macro-economic conditions, it expects to outperform its online and print peers given its position and exposure to favorable long-term structural trends.
A fully franked interim dividend of 8.3 cents per share has been declared, 22 per cent higher than the year before.
Shares in SEEK were 6.14 per cent higher this morning at $6.05.
