Zhaopin Records RMB 170 Mln Loss in 2008
Shanghai Biz, 3/03/09
Chinese online recruitment firm Zhaopin recorded a loss of approximately RMB 170 mln in 2008. This figure comes from information provided by Zhaopin's largest shareholder, Australian employment website Seek.com.au, in Seek's earnings report for the first half of fiscal year 2008/2009, and was calculated based on the percentage of Zhaopin stock that Seek owns.
In 2008 Seek increased its stake in Zhaopin from 30% to 56.2%. Between July 1, 2008 and December 31, 2008 Seek lost AUD 10.68 mln from its investment in Zhaopin, and AUD 14.37 mln from its investment for the whole of 2008.
Keywords: 2008 Internet online recruitment Zhaopin fiscal report profit
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