(RTTNews) -  51job Inc. (JOBS: News ) reported that net income for the third quarter rose 27% to RMB35.9 million or US$5.3 million from RMB28.3 million last year. Earnings per common share for the quarter were RMB0.65 or US$0.10 compared with RMB0.50 in the prior year. Earnings per ADS for the quarter were RMB1.29 or US$0.19, compared with RMB1.00 in the previous year quarter.

Non-GAAP adjusted income for the quarter grew 17% to RMB42.5 million or US$6.2 million, compared with RMB36.3 million a year earlier. Non-GAAP adjusted earnings per common share were RMB0.77 or US$0.11 compared with RMB0.64 in the year-ago quarter. Non-GAAP adjusted earnings per ADS for the quarter were RMB1.53 or US$0.22 compared with RMB1.28 in the prior year.

Total revenues for the quarter were RMB219.6 million or US$32.2 million, an increase of 5.1% from RMB209.0 million in the previous year.
For the fourth quarter, the company estimates revenue in range of RMB215 million to RMB225 million or US$31.5 million to US$33.0 million. The company predicts non-GAAP earnings target for the fourth quarter of between RMB0.58 and RMB0.68 per common share or US$0.17 and US$0.20 per ADS.

Separately, 51job announced the resignation of Peter Lui as Chief Financial Officer effective immediately, due to personal reasons. The company said that it has commenced a search for his successor, Kathleen Chien, Chief Operating Officer and former Chief Financial Officer, will assume responsibility for the finance and accounting operations as Acting Chief Financial Officer.

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by RTT Staff Writer

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