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Seznam.cz makes record profit

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The Czech Republic’s largest internet company Seznam.cz announced a record profit of CZK 1.34 billion on the back of an 11% increase in sales to CZK 4.12 billion for 2017.

Seznam attributed the increase to strong advertising sales, and an increase in digital offerings and television programming and receives over 8 million unique visitors annually. Seznam is owned by its founder Ivo Lukacovic, and is staving off increased competition from Google and Facebook.

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