News: SEK Seek Updates On FY18 Outlook and Announces FY19 outlook

Aug 6 (Reuters) - Seek Ltd (SEK) :

• IN FY18 RESULTS, CO WILL RECOGNISE A NON-CASH IMPAIRMENT CHARGE OF A$178M AGAINST CARRYING VALUE OF BRASIL ONLINE (BRAZIL) AND OCC (MEXICO)
• WILL RECOGNISE NET IMPACT OF THREE KEY SIGNIFICANT ITEMS OF A$142M, IN FY18 RESULTS
• IMPAIRMENT WILL BE DISCLOSED AS SIGNIFICANT ITEM, WILL HAVE NO IMPACT ON SEEK'S FUNDING COVENANTS OR DETERMINATION OF SEEK'S FINAL FY18 DIVIDEND
• PRELIM UNAUDITED FY18 REPORTED NPAT OF ABOUT A$230M BEFORE DEDUCTING INVESTMENTS IN EARLY STAGE GROWTH OPTIONS
• PRELIMINARY UNAUDITED FY18 REVENUE GROWTH GUIDANCE OF AROUND 24%
• SEES FY19 EBITDA GROWTH IN RANGE OF 5% TO 8%
• SEES FY19 PRELIMINARY OUTLOOK OF REVENUE GROWTH IN RANGE OF 16 TO 20%