Seek Full Year Profits FY2012

Online job advertisement board, Seek Limited (ASX:SEK) has released its full year FY2012 results to the stockmarket.

• Net profit to June 30, $131.7 million, up 35 percent.
• Revenue increased to $442 million, up 30 percent.
• Australian domestic website revenue was $248 million, up from $224 million the previous year.
• Profit growth from education and international businesses.
• The company received dividends totalling $17.1 million from investments in Brasil Online, Mexico’s OCC, JobsDB in south-east Asia and Zhaopin in China
• International assets cover 20 per cent of the world’s GDP and two billion people.
• Seek also received a dividend of $6 million for its stake in Australian international education agency IDP
• Chief executive Andrew Bassat said, "Weak macro-economic conditions may persist in the short-term. However, as shown during the global financial crisis, our business is quite resilient to external shocks. Irrespective of conditions, our focus is to continue attracting all job seekers, all job ads and develop products and services that assist both advertisers and job seekers."
• The Seek website has five times more visits than nearest competitors, with 14.2 million visitors.
• Shares in SEK closed at 7.13 percent on the stockmarket, jumping up 6.42 percent or 43 cents.
• Seek Limited announced a final fully franked dividend of 9 cents. Ex dividend date of 6/9/12. Interim dividend paid earlier in the year was 8.3 cents per share, bringing full year dividend distribution to 17.3 cents per share, up from 14.3 cents the previous year.