51job Q2 Net Profit Falls

(RTTNews) - 51job, Inc. (JOBS) reported net income for the second quarter of RMB52.0 million or RMB1.72 per ADS, compared to RMB119.2 million or RMB3.98 per ADS for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was RMB165.8 million or RMB5.50 per ADS, compared to RMB136.4 million or RMB4.56 in the second quarter of 2013.

Total revenues for the second quarter rose 13.1% to RMB457.5 million from RMB404.4 million a year ago.

Looking forward to the third quarter, the company forecasts reveue of RMB455 million to RMB470 million and adjusted earnings of RMB2.25 to RMB2.45 per share.