Bursa Malaysia Stock Watch

JobStreet record higher Q3 pre-tax profit

kltrader
Publish date: Tue, 16 Nov 2010, 11:22 PM
kltrader
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JobStreet Corporation Bhd has recorded a higher pre-tax profit of RM14.8 million in its third quarter ended Sept 30, 2010, compared to RM10.4 million in the same period last year.

Revenue increased by 24 per cent to RM30.4 million from RM24.5 million previously, the company said in a filing to Bursa Malaysia today.

For the nine-month period, Jobstreet's pre-tax profit rose to RM43.2 million from RM26 million previously and revenue went up to RM87.7 million from RM69.1 million.

The higher revenue in the current quarter was led by strong sales of its online job posting service and career website management service, the company said.

On the current year prospects, Jobstreet said it will benefit from continuing economic recovery in the region and the resumption of hiring activities by corporations to facilitate the future growth.

However, it said that the company's performance for the current financial year ending Dec 31, 2010, continued to be clouded by uncertainties regarding global and regional economic conditions. -- Bernama
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