Seek looks for increased profit in FY17

Seek says full-year underlying net profit should increase to as much as $220 million in FY17 after increasing its stakes in Brazilian and Asian businesses.

Job website Seek has reaffirmed its guidance for full-year underlying net profit of about $195m. (AAP)

Job website Seek has reaffirmed its guidance for full-year underlying net profit of about $195 million, and says that should increase to as much as $220 million in FY17.

Seek is looking ahead after paying about $104 million for the 49 per cent of Brasil Online - Brazil's leading online job site - it didn't already own, and about $78 million to raise its stake in Seek Asia from 80.8 per cent to 86.2 per cent.

"We believe continued re-investment will position Seek to continue generating strong returns to shareholders over the medium to long-term," Seek chief executive Andrew Bassat said.