51job Posts Higher Q1 Profit

(RTTNews) - 51job, Inc. (JOBS) reported net income for the first quarter of RMB118.5 million or RMB3.90 per ADS, compared to RMB108.8 million or RMB3.64 per ADS for the same quarter last year.

Excluding items, adjusted net income for the first quarter increased 11.3% to RMB137.6 million or RMB4.53 per ADS from RMB123.7 million or RMB4.14 per ADS in the prior year quarter.

Total revenues for the first quarter rose 15% to RMB437.2 million from RMB380.4 million a year ago.

Looking forward to the second quarter, the company forecasts revenue of RMB440 million to RMB455 million.