Seek announces record profit, up by 64 per cent in 2014 second half
Seek has announced a second half year profit of $182.8 million, up 64 per cent, a new record for the online jobs listings company.
Overall revenue for the company was up 17 per cent to $395.3 million for the period July to December 2014.
The company’s net profit post tax increased 9 per cent to $94.1 million, short of the forecasted $101 million.
Seek chief executive and co-founder Andrew Bassat said: “Seek Domestic’s financial results reflect the strength of the business model and a continuation of improving operating conditions,”
Can someone explain how SEEK have turned a profit, little lone even still exist?
Nobody I have spoken to recently searching for a new job bothers with it – its filled with blind ads by recruiters (read: scumbags) and is the last bid attempt by all major companies after they have exhausted every other resource available to them.
Those candidates searching harness their networks or (as a last attempt) specialist recruiters offline. Am I wrong that this is the way the market has been heading for the past few years (at least)? How have LinkedIn done comparatively?
Seek’s talent model: Get potential candidates to agree to a salary before they interview.
She seeked but she did not find.
Personally prefer searching on LinkedIn for roles.
@ Jerry – Seek earn big money via their Seek Learning brokerage. This is a growing sector for them.