Integrated HR services provider 51job, based in China, has seen year-on-year revenues increase 14.3%, according to unaudited financial results for the first quarter of 2016 ended 31 March 2016.

The group’s Q1 results, published yesterday, revealed total revenues of ¥23.8m (£55.6m).

Commenting on the results, Rick Yan, 51job president and chief executive, said, based on the hiring activity so far in 2016, the group maintains a “positive, stable” outlook on recruitment market conditions.  

“We remain focused on innovation and expansion, and we will invest to strengthen the core 51job brand, build out our new, targeted job seeker platforms, and explore additional opportunities that address the evolving needs of workers and employers in China,” he added.

51job results at a glance:

• online recruitment services revenues increased 13.4% on Q1 2015 to ¥351.8m
• other HR-related revenues increased 18.2% on Q1 2015 to ¥172.0m
• gross margin of 72.8% compared with 73.8% in Q1 2015
• income from operations increased 3.0% on Q1 2015 to ¥127.1m 
• fully diluted earnings per share were ¥1.48.