|JobStreet shows strong growth
25 Nov 2004
JobStreet Corporation Berhad (“JobStreet”), a leading online recruitment company in the region and en route to a listing on the Mesdaq market of Bursa Malaysia on Monday, 29 Nov 2004, today announces its financial results for the nine-month period ended 30 Sep 2004.
For the nine-month period, the pro-forma group has achieved sales of RM25.4 million with an after tax profit of RM6.7 million. These amounts represent an increase of 84% and 237% compared to the same period in 2003.
30 Sep RM’000
|Nine-month period ended
30 Sep RM’000
Mark Chang, CEO of JobStreet Corporation Berhad says: “We are pleased with the growth and higher profitability achieved this year. These results are a record for the JobStreet Group and they reflect that our investments overseas have begun to deliver solid profits and increased acceptance of online recruitment and our other service offerings.”
Commenting on its recent oversubscription by 9.21 times for the public portion of 3 million shares, Mark says: “Investors have demonstrated their confidence in our company’s mission to improve people’s lives through a better career. It also shows that good companies with a proven track performance and good growth prospects are still well regarded by investors.”
Chairman Datuk Ali Abdul Kadir states: “Institutional interest is also very strong in JobStreet with 9 million shares under its private placement tranche fully placed out and a substantial demand for additional shares. This is a good beginning to JobStreet’s journey as a public-listed company that is determined to create and uphold shareholder value.”
JobStreet operates the JobStreet.com online recruitment websites covering the employment markets in Malaysia, Singapore, India and the Philippines. The Group currently services over 15,000 corporate customers and over 2.8 million jobseekers.