Another good company going to say bye bye.
JobStreet net profit up 3.6%, declares special dividend
Revenue for the quarter saw a marginal improvement of 4.9% to RM48.76 million from RM46.48 million in 3QFY13, which is primarily due to the reason above, particularly in Malaysia, Singapore, Indonesia and the Philippines markets, its filing to the local bourse today showed.
The group also declared a third interim single-tier dividend of 1.75 sen per share, to be paid on Dec 24, together with a special dividend of RM2.65 per share.
On Nov 20, the group completed the disposal of its Singapore online job portal business JobStreet.com Pte Ltd to SEEK Asia Investments Pte Ltd, which owns another popular employment portal jobsDB.com.sg, for RM1.89 billion, which gave rise to the special dividend.
Its cumulative nine months (9MFY14) net profit rose 10.46% to RM53.32 million from RM48.27 million in 9MFY13, while revenue was also 8.4% higher at RM147.64 million compared to RM136.2 mnillion in the previous corresponding period.
As for prospects for the remainder of the current year, the group noted that uncertain economic conditions affect recruitment activity in Malaysia and Singapore. But against this backdrop, emerging economies in Southeast Asia will remain relatively strong given stable growth in domestic consumption and continuing investment.
Hence, it expects its financial year ending Dec 31, 2014 (FY14) to remain satisfactory.