Swedish job board NetJobs (NJOB: STO) reported revenue for the second quarter ending 30 June 2016 of SEK 11.2 million (€1.2 million), an increase of 20% compared with SEK 9.3 million (€1 million) during the same period last year. 

“It is gratifying to once again show growth combined with strong cash flows,” NetJobs CEO Niklas Eriksson said. “IN Q2 there were increased personnel costs partly because of more sales but also due to higher social security contributions for young people in Sweden and this has allowed our personnel costs to have increased compared with the same period last year.”

“In line with our strategy to increase the proportion of recurring revenue and improve customer relations, in the third quarter we decided to develop a new customer service feature. For our customers, it will mean increased support and advice about our services,” Erikkson said.

“During the remainder of the year, the focus is on increasing profitability and revenue growth of the company,” Eriksson said.

Revenue by business segment during Q2 2015 was broken down as follows:

The financial results do not specify what is included under “Other”.

As of last trade on 16 August 2016, NetJobs Group traded at SEK 1.78 (€0.19), no change on the day and 47.11% above the 52-week low of SEK 1.21 (€0.13) set on 28 Jun 2016. Based on its current share price the company has a market value of SEK 36.9 million (€ 3.9 million).