51job, Inc. Records Q2 Revenue Decline

August 11, 2009 – 51job, Inc./(NASDAQ:JOBS), a provider of integrated human resource services in China, has posted second quarter revenues of RMB193.3 million (U.S. $28.3 million), a decrease of 11.6 percent from revenues of RMB218.7 million for the same quarter in 2008. Online recruitment services revenues for the quarter were RMB77.4 million (U.S. $11.3 million), representing a 7.1 percent decrease from RMB83.3 million for the same quarter of the prior year. Net income for the quarter was RMB20.8 million (U.S. $3 million) compared with RMB19.3 million for the same quarter in 2008. Fully diluted earnings per common share were RMB0.37 (U.S. $0.05) compared with RMB0.34 a year ago. “Our aggressive cost and expense management and focus on business process efficiency improvements yielded tangible results in the second quarter. We successfully drove margin expansion and delivered solid earnings despite challenging market conditions which continued to impact customer demand and revenues,” said Rick Yan, president and CEO. “Although spending per customer declined, we were pleased to see regained momentum in new customer acquisitions for our online business in the second quarter.”

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