Shares in online employment classifieds platform SEEK Limited (ASX: SEK) have just hit a 52-week high, sitting at $20.90 at the time of writing after a steady track upwards of 37.6% from a $15.09 share price at this time last year.
SEEK is well-known and revered for its employment, learning and international classified platforms in use across 12 countries and it reported a 27% increase in sales revenue in February to book a half-year net profit of $102 million – up 21%.
SEEK is beginning to see the fruits of its international business investments, with increased sales from Chinese online recruitment platform Zhaopin helping to boost its bottom line in the last half. It is expected to perform well into the future as the company continues to reinvest in its international markets.
SEEK has upgraded its earnings guidance for FY18, with an expected FY18 net profit of between $225 million and $230 million.
Investors who can see good long-term growth potential in SEEK have certainly thrown their weight behind the company in the last 12-months and a fully-franked 24c per share interim dividend will be welcomed by shareholders who will be looking forward to FY18 results.
