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Malaysia – Jobstreet reports Q3 revenue growth

22 November 2013

Online job board Jobstreet Corporation Bhd (JOBST: KLS) reported revenue of MYR 46.5 million (USD 14.5 million) for the third quarter ending 30 September 2012, an increase of +12.3% compared with MYR 41.4 million (USD 12.9 million) a year ago.

The company reported a pre-tax profit of MYR 23.6 million (USD 7.4 million), up by +9.7% from MYR 21.5 million (USD 6.7 million) during Q3 2012. The company achieved a net profit for the three months of MYR 16.3 million (USD 5.1 million), equating to a year-on-year rise of +2.5% from MYR 15.9 million (USD 4.95 million).

Founded in 1995, Jobstreet claims to be the leading jobsite in Malaysia. Jobsite also operates in India, Indonesia, Japan, Hong Kong, the Philippines, Singapore, Thailand, and Vietnam. The company provides online recruitment and human resource management services.

In trading today, the company’s share price fell by -0.9% to MYR 2.14 (USD 0.67), an increase of +85.6% compared with a year ago. Based on its current share price, the company has a market value of MYR 1.4 billion (USD 436.6 million). 

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