JobStreet Corporation Berhad (Mesdaq: "JOBS") announces its 3rd quarter results for the period ended 30 September 2007.

In the 3rd quarter, JobStreet.com‘s profit before tax increased to RM10.56 million compared to the corresponding quarter in 2006 of RM5.74 million. This represented an increase of 84%. Profit after tax and minority interest also grew to RM 8.95 million compared to RM 4.81 million in last year’s 3rd quarter. The growth in profit and improvement in operating margins was driven by an increase in job posting sales of 42.8%.

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

“The third quarter is typically a strong period for us with companies trying to hire staff before recruitment slows down at year-end,” said Mark Chang, CEO of JobStreet Corporation Berhad. “Further, there continues to be an increasing demand for, and difficulty attracting, experienced staff throughout the region. We have over 1 million jobseekers using our service in Malaysia now. As this talent becomes more highly valued, the jobseekers and our business benefits.”

Datuk Ali Kadir, Chairman of JobStreet Corporation Berhad added, “It’s very good to see such strong results as we move closer to our transfer to the Main Board of Bursa Malaysia. Since our IPO three years ago, we’ve established a consistent track-record of delivering solid earnings growth with positive cash flow generation and the high return on equity you would expect from a technology company. All of this has been accomplished while executing our regional expansion strategy into markets such as Indonesia, Bangladesh, Japan and Hong Kong and adding significant depth to the management team. We hope to continue to move from strength to strength and create value for all our stakeholders.”

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 also has recently established a subsidiary in Japan and has an investment in Recruit Group Limited in Hong Kong. The Group currently services over 45,000 corporate customers and over 4 million jobseekers throughout the region.