SEEK Ltd (ASX:SEK) says it is prepared to invest in significant acquisitions if the opportunities arise.
In an update to the market the online job advertisement provider says strong growth is likely continue, underpinned by the ongoing migration of job classifieds advertising revenue from print to online.
As SEEK has a 65 per cent market share of employment advertising volumes, the company affirmed it is well placed to grow from the improving conditions in the industry.
SEEK says if current trajectory continues the company expects to benefit, given its market-leading position and exposure to favourable structural trends.
SEEK boosted its fiscal 2010 net profit by 62 per cent to $89.5 million in the year to 30 June.
SEK Price at posting:
$6.63 Sentiment: None Disclosure: Held
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