Seek 2018 Annual Report

Company News

by Anna Napoli

Seek (ASX:SEK) has released its annual report and the company says in 2018 it delivered a strong underlying financial result with sales revenue growth of 25 per cent to $1.3 billion.

Meantime, earnings increased by 15 per cent to $433 million.

Profit was down from $340 million to $53 million due to a number of significant items including a $119 million impairment charge.

The online employment company says group cash flows remain strong and supported total financial year dividends of 46 cents.

Seek finalized two key M& A transactions including the privatization and delisting of Zhaopin, one of China's largest online recruitment sites from the New York Stock Exchange.

Shares in Seek (ASX:SEK) closed 0.4 per cent lower at $17.98.

 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.