Australia's Seek falls most in over 6 months on reduced attributable profit

SEEK

16/08/2022 05:42

** Shares of online employment marketplace co Seek Ltd
 SEK.AX  fall as much as 7.6% to A$22.51, their worst intraday
session since Jan 27
    ** SEK says FY22 total profit attributable down 78% to
A$168.8 mln ($118.51 mln)  urn:newsml:reuters.com:*:nASXCg9mQ
    ** For FY23, however, the group expects to record NPAT in
the range of A$250 mln to A$270 mln and revenue in range of
A$1.25 bln to A$1.30 bln excluding the SEEK Growth Fund
    ** Outlook assumes a low risk of job market volatility from
monetary policy, geopolitical change and the pandemic
    ** Revenue could fall below forecast if assumption changes,
says co
    ** Shares hit their lowest levels since July 28
    ** About 1.2 mln shares change hands, compared with the
30-day average volume of about a million shares
    ** Stock down about 25.7% this year, as of last close

    ($1 = 1.4243 Australian dollars)

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))