The tightening employment market has led to record job ad volumes for SEEK (ASX: SEK), helping the online marketplace report a 130 per cent increase in NPAT to $240.8 million from continuing operations in FY22.
The Melbourne-based company announced sales revenue of $1.11 billion for the year, up 47 per cent on FY21, as job ad volumes in New Zealand and Australia surged to a new high during the year.
With ambitious plans for growth across Asia, SEEK’s operating expenses increased by 42 per cent to $607 million during the year due to significant regional investment, including a large-scale rebranding campaign.
