FINANCIALS: Chinese firm 51Jobs posts positive results
HR solutions provider 51Jobs’ revenue increased 13% year on year in the second quarter, reaching RMB457.5m (£44.3m) and exceeding the company’s guidance range.
Rick Yan, president and chief executive officer of 51Jobs, said: “In the second quarter, we made good progress in our customer acquisition efforts, as we saw robust expansion of the unique employer user base in our online business.”
Online recruitment services revenues increased 15.8% over Q2 2013 to RMB312.0m (£30.2m).
Human resource-related revenues, which exclude advertising, increased 15.6% to RMB143.2 million (£13.9m). This was primarily due to growth and use of business process outsourcing and training services.
51Jobs is a human resource solutions provider, offering recruitment solutions, training and assessment, HR outsourcing and consulting services.