Aug 6 (Reuters) - Australian job classifieds portal Seek Ltd (SEK) flagged on Monday an impairment charge of about A$178 million ($131.7 million) from the company's Brazil and Mexico operations.
The assets being impaired were due to deterioration in economic conditions, political uncertainty, competitive intensity and operational issues, the company said in a statement.
Seek now expects core earnings growth in the range of 5-8 percent in fiscal 2019, compared with a growth estimate of 15 percent in fiscal 2018.
($1 = 1.3521 Australian dollars)
News: SEK Australian jobs portal Seek flags $132 mln impairment for FY18
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$24.97 |
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Mkt cap ! $8.921B | |||
| Open | High | Low | Value | Volume |
| $24.58 | $25.03 | $24.54 | $4.226M | 170.1K |
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| 11 | 393 | $24.97 |
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| Price($) | Vol. | No. |
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