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51job sees profit up 15.8% in Q3

Nov. 9, 2012 (China Knowledge) - 51job Inc<JOBS>, a leading provider of integrated human resource services in China, reaped RMB 112.9 million or US$18 million in net profit in the third quarter of this year, 15.8% more than RMB 97.5 million it earned in the same period of 2011.

During the period from July to September 2012, the U.S.-listed firm's earnings per American Depository Share increased from RMB 3.3 to RMB 3.82.

Total revenue in the reporting period amounted to RMB 373.7 million, up 8.9% from a year earlier from, and exceeds the firm's previous forecasted.

Online recruitment service revenue for the three months ended Sep. 30, 2012 grew 13.1%, but revenue from print advertising dropped 47% from a year earlier. Gross margin stood at 72.5%, higher than 72.4% in the third quarter of 2011.

51job had RMB 2.34 billion or US$372.5 million in cash and short-term investments at the end of September 2012, more than RMB 2.05 billion it had as of Dec. 31, 2011.

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