51job Q2 2009 Net Profit Up 7.8%

51job, 8/06/09

Chinese online recruitment site 51job (Nasdaq: JOBS) has announced its unaudited financial results for Q2 2009, with total revenues reaching RMB 193.3 mln (USD 28.3 mln), down 11.6% year-on-year.

Net income for quarter was RMB 20.8 mln (USD 3 mln), up 7.8% compared with RMB 19.3 mln for the same quarter in 2008.

Print advertising revenues for the quarter were RMB 67.2 mln (USD 9.8 mln), down 28.5% YoY. Online recruitment services revenues were RMB 77.4 mln (USD 11.3 mln), down 7.1% YoY. Other human resource-related revenue for the quarter was RMB 48.7 mln (USD 7.1 mln), up 17.4% YoY.

Total revenues for H1 2009 were RMB 371.6 mln (USD 54.4 mln), down 18.4% YoY. Net income for H1 2009 was RMB 30.2 mln (USD 4.4 mln), down 27.4% YoY.

The company estimates Q3 2009 revenues will be between RMB 198 mln to RMB 208 mln (USD 29.0 mln to USD 30.5 mln).

Keywords: JOBS Internet profit revenue Q2 2009 51job online recruitment fiscal report guidance

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily