SEEK eyes a split as Bassat hands reins to Narev
Natasha GillezeauReporter
Updated
Key Points
- Revenue ($m) 826 down 6.6pc from year-earlier 883.7
- Pretax profit ($m) 124.6 v 123.9
- Net profit ($m) 69.7 v 75.6
- Interim dividend nil v 13c
Online job ads group SEEK plans to split itself into separate operating and investment companies with co-founder Andrew Bassat and former Commonwealth Bank chief executive Ian Narev moving to new roles with the proposed companies.
SEEK is also in advanced discussions about a sell-down of its interest in Chinese job listings marketplace Zhaopin from the current 61 per cent to 23.5 per cent that would value Zhaopin at $2.2 billion.
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Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter.
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