Seek has declared its highest dividend in three years following a strong jump in sales and profit during the first half of the 2022 financial year.
Seek’s sales revenue from continuing operations rose 59 per cent to $517.2 million while reported profit from continuing operations was up 152 per cent to $126.7 million. Total reported profit rose 32 per cent to $88.1 million.
“Market conditions across our ANZ and Asia businesses were favourable for revenue growth. Businesses continued to rehire following COVID-related cuts, and in many cases restarted investment,” said Seek chief executive and managing director Ian Nerev.
“Whilst candidate activity on our sites remained high, application rates were weaker, which in turn drove greater depth adoption. Previous investments, in particular the flexibility of our new ANZ contract and pricing model, positioned us well to capture these opportunities.”
Seek declared an interim dividend of 23¢ a share, its best dividend in three years.
It said it expected full year revenue to be in the range of $1.05 billion to $1.10 billion, EBITDA to be in the range of $490 million to $515 million, and NPAT to be in the range of $230 million to $250 million.
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