FINANCIALS: China’s 51job shows solid revenue growth
China-based integrated HR services provider 51job has achieved “solid growth”, with revenues up 20.3% year-on-year.
The group’s results for the second quarter of 2017 ended 30 June 2017, released yesterday, reveals total revenues increased 20.3% on Q2 2016 to RMB673.2m (£76.1m) with online recruitment services revenues up 19% on Q2 2016 to RMB443.9m and gross margin of 73.2% compared with 71.8% in Q2 2016.
Commenting on the results, Rick Yan, president and CEO of 51job, said: “Our online business again successfully balanced robust acquisition of new users with increased spend by established customers to maintain a consistent overall average revenue per employer level.
“The investments we have made in business productivity and product development are bearing fruit, and we are confident that we are strengthening 51job’s position as the full service, end-to-end HR solutions leader in China.”
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