Jobline has experienced strong order growth between the third and fourth quarter in the order of 75 percent, driven primarily by online professional search contracts. This reflects the company's ability to secure larger contracts of longer average duration, underpinning Jobline's lead in this area. The company is focused on maximizing growth in this higher margin business in core geographic markets, thus bringing profitability significantly forward. The company is well capitalised to see the business through to cash-flow break-even and profitability in January 2002 with a substantial amount of cash in reserve.
Operating metrics are continuing to develop well, with a strong increase in traffic and the candidate database, which is reinforcing the strength of our candidate delivery product.
The shift towards longer and larger search contracts is resulting in a longer conversion time from order to revenue flow. This factor combined with a softening of demand for the transactional job-ad business, will result in revenues falling below analyst estimates. The net result for the year after minority interests is within the range of the various analyst estimates.
www.jobline.com
Jobline profitability in 2002 - 02/2001
Third & fourth quater growth