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JobStreet.com delivers a strong 47% jump in profits for 2nd Quarter, 2007
KUALA LUMPUR, 18 Aug 2007

JobStreet Corporation Berhad (Mesdaq: "JOBS") posted its 2nd quarter results for the period ended 30 June 2007 with a strong showing indicating that the year has started off positively for Southeast Asia’s leading online recruitment website.

In the second quarter of 2007, JobStreet.com's revenue saw a jump to RM20.2 million compared to the corresponding quarter in 2006 of RM17.4 million. This represented an increase of 16%.

In the terms of profitability, JobStreet recorded a quarterly profit before taxation of RM 8.4 million. This figure represents a 47% increase compared with RM5.7 million reported in the corresponding quarter last year. This huge jump was driven by an increase in JobStreet.com’s job posting sales for the group of 38%. The Group’s subsidiaries in Malaysia, Singapore and Philippines continue to drive the growth in profits.

A quarter-on-quarter and year-on-year performance comparison:-



"We are encouraged to see that we have been able to maintain the strong momentum from last quarter” said Mark Chang, CEO of JobStreet Corporation Berhad. "Our focus on customer service, jobseeker needs and better and more relevant products will remain our main strategic driver for us in 2007.”

He added, "We happy to report that JobStreet.com is continuing to expand its business operation in the region spurred by the good performance of our overseas offices."

Besides JobStreet.com’s investment of a 20% stake in Recruit Group Limited (RGL), a subsidiary of Recruit Holdings Ltd. (RHL) early this year, it is in the process of setting up a joint venture company with Asian Commission Corporation to carry out recruitment management, career consultancy and related activities for the Japanese market. JobStreet Corporation Berhad would eventually own 60% of the joint venture company, JobStreet Japan.

JobStreet operates the JobStreet.com (www.jobstreet.com) online recruitment websites presently covering the employment markets in Malaysia, Singapore, Philippines, Indonesia, India and Bangladesh. The Group currently services over 45,000 corporate customers and over 4 million jobseekers.