FINANCIALS: China’s 51job sees increase in revenues

Chinese integrated human resource services 51job has seen revenues increase 31.3%, according to unaudited financial results for 2018.

The results, released late yesterday, reveal group revenues increased to RMB3,781.9m (£425m), with gross margin of 72.2% compared with 73.2% in 2017.

The group also released Q4 2018 results, which revealed total revenues increased 28.5% on Q4 2017 to RMB1,120.5m, with gross margin of 70.3% compared with 73.3% in Q4 2017

Commenting on the results, president and CEO Rick Yan said: “We are very proud to have celebrated our 20th anniversary by delivering robust financial results to our shareholders in 2018.

“For 2019, we will stay focused on executing our high quality growth strategy, emphasising deeper engagements with employers and capturing opportunities across the entire spectrum of HR needs in China.”

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