51job Profit Rises

(RTTNews) - 51job Inc (JOBS), a provider of human resource services in China, on Monday reported first-quarter net earnings of RMB173.3 million ($28 million), compared with RMB118.5 million last year.

On a per share basis, net earnings were RMB2.06 ($0.33), compared with RMB1.95 last year.

Excluding items, adjusted earnings per share for the quarter were RMB2.39 ($0.39), compared with RMB2.26 in the prior year.

Revenues for the quarter rose to RMB458 million ($73.9 million) from RMB437.2 million last year. Analysts expected revenues of $76.6 million.

For the second quarter, the company forecasts revenues of RMB480 million to RMB500 million ($77.4 million to $80.7 million) and adjusted earnings per share of RMB2.25 to RMB2.45 ($0.36 to $0.40). Analysts expect revenues of $84.3 million.