Monster Worldwide Discusses ChinaHR

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Includes: JOBS, MWW
by: Ezra Marbach

As Citigroup analyst Jason Brueschke pointed out in 51Job's (NASDAQ:JOBS) Q1 2006 earnings call there is a perception in the market that ChinaHR will prevail in China due to the deep pockets of Monster Worldwide (NASDAQ:MNST). Monster had the following to say about ChinaHR during its earnings call earlier today:

Lanny Baker - Chief Financial Officer

Below the line, our 45% share of ChinaHR's net loss was $2.3 million for the quarter....

Our share of ChinaHR's losses is expected to be slightly greater than $2 million in the third quarter.

....we stepped up marketing investments in Europe, in India, and through our equity affiliate in China.

....and our share of ChinaHR's losses are expected to be about $7 million to $8 million for the year.

Comment: ChinaHR continues to pile up losses. But what about growth? No word from Monster.

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