Seek’s Australian Growth Surprisingly Resilient; FVE Increased to AUD 18.30
The key surprise from the interim result was the strong performance of the ANZ business which delivered revenue growth of 15% versus the prior comparable period. We were particularly surprised at Seek’s ability to reignite revenue growth within this division via increased depth advertisement sales, considering the division's relative maturity. To some degree, Seek’s ANZ business has benefited from the strong Australian economy in recent years, but the company has also invested and strengthened i...
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