51job Q2 Profit Rises

(RTTNews) - 51job Inc (JOBS) Monday reported second-quarter net income of 136.95 million yuan or 2.33 yuan per share, up from 51.96 million yuan or 0.86 yuan per share last year.

Net revenues rose to 497.4 million yuan from 441.0 million yuan last year.

On a US dollar basis, net income was $22.1 million or $0.38 per share, while revenues were $81.94 million.

Analysts polled by Thomson Reuters estimate earnings of $0.35 per share on revenues of $81.75 million for the quarter.

For the third quarter, the company expects adjusted earnings of 2.25 to 2.45 yuan per share or $0.36 to $0.40 per share. Revenues for the third quarter expected to be in the range of 505 million to 525 million yuan or $81.5 million to $84.7 million.

Analysts currently estimate earnings of $0.36 per share on revenues of $86.56 million for the quarter.