Press Releases

JobStreet reports nine months’ profit of RM11.9 million
22 Nov 2005

JobStreet Corporation Berhad ("JOBS"), a leading online recruitment company in the region, listed on the Mesdaq market of Bursa Malaysia, today announces that it has achieved a net profit of RM11.9 million on the back of revenues amounting to RM40.7 million for the nine-month period ended 30 Sep 2005, representing a year-on-year growth of 60% and 78% respectively compared to the corresponding period in 2004.

In the third quarter, the JobStreet Group’s revenue rose to RM15.1 million from RM9.2 million in the same period for 2004, recording a growth of 64%. In terms of profitability, the Group's profit after taxation also increased to RM4.3 million, chalking a 61% increase as compared to the RM2.7 million reported in the corresponding quarter of 2004.

Table summary for Revenue & Profits for First Nine months 2005 vs 2004

First 9 months 2005
(RM, in millions)
First 9 months 2004
(RM, in millions)
% of increase
Revenue 40.7 25.4 60%
Profit 11.9 6.7 78%

Table summary for Revenue & Profits for Third Quarter 2005 vs 2004

3rd Quarter 2005
(RM, in millions)
3rd Quarter 2004
(RM, in millions)
% of increase
Revenue 15.1 9.2 64%
Profit 4.3 2.7 61%

Mark Chang, CEO of JobStreet Corporation Berhad, says: "Our continued growth in revenue and profits can be attributed to the healthy growth in the sales of JobStreet's on-line job posting and outsourced staffing services, which is driven by an expanding market and growing customer confidence in on-line recruitment services. JobStreet.com has achieved the number one position in terms of the number of jobs posted in Malaysia, Singapore and Philippines. Further, we have obtained the necessary approvals to commence operations in Indonesia.”

Chairman Datuk Ali Abdul Kadir adds: "With a positive economic environment in all the countries that we operate in, we now have a stronger platform for growth. We anticipate that the Group is on target to mark another good year for all stakeholders."

JobStreet operates the JobStreet.com on-line recruitment websites presently covering the employment markets in Malaysia, Singapore, India and Philippines. The Group currently services over 20,000 corporate customers and over 3.0 million jobseekers.

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