SEEK (ASX:SEK) slashes its dividend

Company News

by Rachael Jones

Employment company SEEK (ASX:SEK) announced its results for the 6 months ended 31 December 2019 showing NPAT of $75.6 million, a decline of 24 per cent from the prior corresponding period of $99 million.

Reported Revenue of $875.5 million a growth of 16 per cent.

EBITDA of $247.4 million, a rise of 4 per cent on the prior corresponding period.

Seek cut its interim dividend from 24 cents a share, to 13 cents.

Share in SEEK (ASX:SEK) are trading 4.60 per cent lowe at $21.38.