JobStreet.com - Press Releases

JobStreet Corporation Berhad (Main Board: "JOBST") posted its Third Quarter results for the period ended 30 September 2008 with a 27% quarter-on-quarter growth in revenue to a total of RM27.6 million. This increase in revenue is translated as a 30% growth in net profit to RM11.6 million, compared to the RM9.0 million achieved in the corresponding quarter in the preceding financial year.

This increase in revenue was mainly attributed to a 27% and 102% quarter-on-quarter growth in the demand for the Group's core product of JobStreet ESSENTIAL (online job posting service) and JobStreet IMPACT (career website management service) respectively. Further, dividend income amounting to RM1.15 million from the Company's investments in Taiwan and Hong Kong also contributed positively. On an after-tax basis, the Group achieved a profit after taxation and minority interests ("PAT") of RM11.6 million, an increase of 30% compared with the corresponding quarter in 2007.

A quarter-on-quarter comparison:

	Q3 2008 RM'000	Q3 2007 RM'000	% Growth
Revenue	27,590	21,766	27
Profit before taxation	13,212	10,555	25
Profit after taxation and minority interests	11,613	8,953	30

	Nine-month Period Ended
	30.9.2008 RM'000	30.9.2007 RM'000	% Growth
Revenue	80,096	59,930	34
Profit before taxation	36,322	26,056	39
Profit after taxation and minority interests	31,121	22,177	40

Mark Chang, CEO of JobStreet Corporation Berhad, says: "In view of the current global financial crisis and imminent economic slowdown, we are fortunate that our third quarter results have still held up well. However, we anticipate many companies slowing down recruitment activity in response to the economy and it will be a very challenging environment going forward. For our jobseekers, we want to remind them of the importance of updating their resume and if you're not a member yet, register yourself at JobStreet.com today."

About JobStreet.com
JobStreet operates the JobStreet.com (www.jobstreet.com) online recruitment websites presently covering the employment markets in Malaysia, Singapore, Philippines, Indonesia, India, Bangladesh, Japan and Thailand. The Group currently services over 50,000 corporate customers and over 5 million jobseekers. JobStreet (JOBST) is listed on Main Board of Bursa Malaysia Securities.