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JobStreet delivers strongest year-end results yet with RM 28.9 million profit
KUALA LUMPUR – 25 February 2008

JobStreet Corporation Berhad (Main Board: "JOBST") ended its fourth quarter on 31 Dec 2007 with one of its best financial performances to date.

Coupled with successfully transferring to the Main Board of Bursa Malaysia in December 2007, JobStreet Corporation Berhad's consolidated fourth quarter revenue amounted to RM22.5 million, representing a very healthy RM6.9 million or 43.9% growth from the RM15.6 million revenue for the corresponding quarter in the preceding financial year.

In terms of year-on-year profitability, JobStreet recorded a profit before taxation of RM 33.7 million. This figure represents an increase of 35.2% compared with RM24.9 million reported in the preceding financial year.

The major contributor to the Group's increased profitability was due to the strong sales performance and higher revenue contribution from the Group's core online job posting services. In addition, besides very robust sales in Malaysia, the Group's subsidiaries in Singapore and Philippines continue to be strong contributors to the Group's favorable performance. In 2007, the Group also realized its share of profit from its 20% owned associate in Hong Kong, Recruit Group Limited.

  2007
RM'000
2006
RM'000
% Growth
vs Prior Year
Revenue 82,404 65,744 25.3
Profit before taxation 33,658 24,896 35.2
Profit after taxation and minority interests 28,870 21,709 33.0


"We are very happy with our performance and we are encouraged to see the results being translated into strong profits for JobStreet. We have been able to build upon our strength as the leading recruitment company not just in Malaysia but also in some of countries where we operate in." says Mark Chang, CEO of JobStreet Corporation Berhad. "It shows we really have a good understanding and are able to consistently meet our customers' expectations and our jobseekers' needs."

Mark added, "It was also very gratifying to know that the hard work we have all put in was not only recognized by our stakeholders, but renowned media like Forbes who put JobStreet in its Asia's 200 Best Under A Billion listing in 2007."




JobStreet operates the JobStreet.com ( www.jobstreet.com ) online recruitment websites presently covering the employment markets in Malaysia, Singapore, Philippines, Indonesia, India ,Bangladesh and Vietnam. The Group currently services over 50,000 corporate customers and over four million jobseekers. JobStreet is listed on the Main Board of Bursa Malaysia ( JOBST).