Business
SEEK investing to rebound after COVID loss – The Australian Financial Review
SEEK reported a net loss of $111.7 million for the 2019-20 financial year, largely related to $198.4 million in non-cash impairments of its Brazilian, Mexican and other minority investments.
SEEK chief executive Andrew Bassat believes the digital jobs classifieds company has an opportunity to bounce back from the COVID-19 pandemic – which will hit short-term profits – if it invests in the right places.
SEEK boss Andrew Bassat. Eamon Gallagher
SEEK reported a net loss of $111.7 million for the 2019-20 financial year, largely related to $198.4 million in non-cash impairments of its Brazilian, Mexican and other minority investments.
Excluding significant items, profit was down 51 pe…
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