51job, Inc. (ADR) (NASDAQ: JOBS), a leading provider of integrated human resource services in China, announced Wednesday its unaudited financial results for the fourth quarter and fiscal year of 2015 ended December 31, 2015. Stock price of 51job rallied 15.33% to $32.72 during Thursday trading.
According to the fourth quarter financial results, total revenue rose 15.6% to $94.3 million compared with last year. Operation income increased 21.7% over the same quarter last year to $28.9 million. Diluted earnings per share of $0.52 which exceed expectation by $0.17.
Rick Yan, President and Chief Executive Officer of 51job, said, "We closed 2015 on a very positive note due to solid execution of our strategic initiatives. The mandate to the sales force to focus on up-selling more sophisticated online offerings to our core employer base and to improve cross-selling of other value-added HR services saw clear progress throughout the year. We achieved greater, deeper customer engagements as evidenced by both higher average revenue per customer and overall revenues per salesperson. While we take steps to improve revenue growth, we have stayed disciplined in balancing investments and returns, delivering our 14th consecutive year of profitability to shareholders. Despite this period of economic transition in China, we are taking firm action to lay the groundwork for 51job's future and to become a further diversified and complete HR services provider to enterprises in China."
For the next quarter guidance, 51job expected total revenue to range between $78 million and $81 million, and diluted earnings per share to range between $0.36 and $0.39. The Company also outlook total share-based compensation expense in the next quarter to range between $3.2 million and $3.4 million.
According to Zacks Investment Research, “51JOB, INC. is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at http://www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys.”