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Highlights
- In 1HFY23, SEK reported a net profit of AUD 135 million on revenues of AUD 626.7 million.
- SEK's financial performance was driven by higher job ad volumes and higher yield from uptick in the adoption of depth products and increased ad prices.
- For the full year FY23, the company expects to clock revenue of around AUD 1.25 billion, EBITDA of AUD 560 million and net profit of AUD 250 million.
SEEK Limited (ASX: SEK) is an Australian human resource consulting company with a presence across Asia-Pacific and Latin America. It is engaged in the online matching of hirers and candidates with career opportunities and other related services. The company's SEEK Growth Fund covers online education services and investments in early-stage ventures.
In 1HFY22, the company registered a 21.2% growth in its revenue to AUD 626.7 million as against AUD 517.2 million reported in the year-ago period. Meanwhile, its net profit rose by 6.6% annually to AUD 135 million, compared to AUD 126.7 million reported in 1HFY22.
SEK's financial performance was driven by higher job ad volumes and higher yield from an uptick in the adoption of depth products and increased ad prices. The period saw an 8% year-on-year jump in ad volumes, backed by the ongoing strength of the labour market.
Here is a glance at SEK’s key historical financial metrics.

For the full year FY23, the company expects to clock revenue of around AUD 1.25 billion, EBITDA of AUD 560 million and net profit of AUD 250 million. The company has been making investments in its platform and product innovation to drive revenue growth.
Top 10 Shareholders
The top 10 shareholders of the company together form hold nearly 28.62% of the outstanding shares in the company. Pinnacle Investment Management Group Ltd and Bassat (Andrew Reuven) are holding a maximum stake in the company at around 5.06% and 3.86%, respectively. Meanwhile, the top four shareholders of the company together hold a 15.52% stake.

SEK’s Stock Price Performance
SEL shares closed 0.184% lower at AUD 21.60 on Friday, 9 June 2023. In the last one month, the stock has fallen by 8% and on a YTD basis, it is up 3.10%. On 8 February 2023, the stock hit a 52-week high of AUD 26.030, and its 52-week low of AUD 18.780 was seen on 3 October 2022.

SEK Daily Technical Chart, Image Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, is 9 June 2023. The reference data in this report has been partly sourced from EODHD/Others.






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