Australia's Seek slips as co swings to annual loss

SEEK

13/08/2024 02:22

** Shares of Seek  SEK.AX  fall as much as 11.4% to
A$19.610, their lowest levels since July 25
    ** Stock is top loser on benchmark S&P/ASX 200 index  .AXJO 
    ** The online employment marketplace swings to annual loss
of A$100.9 mln ($66.37 mln) from a profit of A$1.05 bln in prior
coresponding period
    ** Co sees FY25 EBITDA of around A$430 mln - A$500 mln
    ** Around 2.4 mln shares change hands, compared with the
30-day average volume of 1.5 mln shares
    ** Stock has fallen 17.2% this year, as of last close

    ($1 = 1.5202 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))