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Scandinavian job board NetJobs Group AB (NJOB:STO) reported on Friday a +5% increase in net sales during the fourth quarter with sales totalling €1.24 million (SEK 10.5 million), up from €1.18 million (SEK 10.0 million) a year ago.
But in the three months to December 2012, operating income fell a sharp -44% to €0.08 million (SEK 0.6 million) with the operating margin falling to 5.5% from 10.2% a year earlier. Profit after tax was down -13% to €0.07 million (SEK 0.6 million). The firm said that costs related to the production of a TV advert in the quarter impacted profits.
The company also announced that Fredrik Aberg has been appointed to chief operating officer last month.
NetJobs operates several career websites in northern Europe with 35 specialised career websites and 5 general websites in Sweden, Norway, Finland, Denmark and Germany.