Net Jobs Group (NJOB:STO), a Sweden-based career website with a heavy presence in the Nordic countries, has increased its revenue in the fourth quarter of 2011 by +5% to €1.1 million (10.05 million SEK) from €1.07 million (9.5 million SEK) in the corresponding quarter last year. However, operating profit decreased to €100,000 (1 million SEK) from €140,000 (1.3 million SEK) in the period.

For the full year, revenue went up +10%  to €4.54 million (SEK 40.2  million) from €4.15 million (36.6 SEK million) with operating profit decreasing to €680,000 (6 million SEK) from €800,00 (7.1 million SEK), a drop of -17%.

The company stated that its cash flow, both for the full year and the fourth quarter have “significantly increased.” In the fourth quarter this amounted to €450,000 (4 million SEK), up from €190,000 (1.7 million SEK) in 2010, and for the entire year cash flow more than doubled to €720,000 (6.4 million SEK) from €320,000 (2.9 million SEK) in the previous year.

NetJobs Group is a Swedish company, providing job advertisement solutions on the Internet. The firm has a heavy presence in the Nordic countries and owns 40 specialised and five general job websites in Sweden, Norway, Denmark, Finland and Germany. The company’s main product comprises job offers, but it also provides complementary products, such as banners, company presentations and e-postcards. The firm’s customers operate primarily in the private sector, but also consist of municipalities and government authorities.

In early trading, the firm’s share price went up +4.55% and now stands at 2.30 SEK. This values the company at €4.44 million (39 million SEK).