SEEK lifts net profit 13% to $37m

SEEK lifts net profit 13% to $37m

SEEK’s (ASX:SEK) net profit grew 13% to $36.6 million for 1H10, as more and more job hunters took to searching online for jobs.

The company, which operates the jobs portal, said online listings now comprise 78% of all job ads.

SEEK’s revenue rose 19% to $130.4 million, but its ebitda shrank 1% to $55.8 million. While earnings per share fell 4% to 10.9 cents, the company raised its interim dividend 16% to 5.2 cents.

SEK shares have grown 6.1% to $6.950 since today’s announcement.

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Tags jobsfinancial resultsonline advertisingSEEK Limited

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