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BRIEF-Seek Expects FY Reported NPAT Including Deconsolidation Of Zhaopin Of About A$140 Mln

Published 04/05/2021, 09:58 am
Updated 04/05/2021, 10:00 am
© Reuters.
SEK
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May 4 (Reuters) - Seek Ltd SEK.AX :

* REFLECTING IMPROVED OPERATING CONDITIONS & DECONSOLIDATION OF ZHAOPIN, FY21 REVENUE TO BE IN ORDER OF A$1,590 MILLION

* REFLECTING IMPROVED OPERATING CONDITIONS & DECONSOLIDATION OF ZHAOPIN, FY REPORTED NPAT TO BE IN ORDER OF A$140 MILLION

* REVISED FY21 GUIDANCE INCLUDING DECONSOLIDATION OF ZHAOPIN RESULTS IN EBITDA TO BE IN ORDER OF A$480 MILLION

* WILL REDUCE ITS OWNERSHIP INTEREST IN ZHAOPIN FROM 61.1% TO 23.5%

* DETERMINED TO PAY A DIVIDEND OF 20 CENTS WITH A RECORD DATE OF 11 MAY 2021

* EXPECTS TO RECEIVE GROSS PROCEEDS OF A$697M FROM ZHAOPIN STAKE SALE

* WILL RECORD ACCOUNTING POST-TAX PROFIT IN RANGE OF A$600M FROM ZHAOPIN DEAL

* SEEK ANZ CONTINUES TO BENEFIT FROM RECORD HIGH LEVELS OF SME HIRING ACTIVITY

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