Home BusinessMonster Worldwide posts Q2 loss of $1.37 mn
Monster Worldwide, the parent company of global online employment solution provider Monster.Com, today reported a net loss of $1.37 million in the quarter ended June 30 this year.
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The company had a net income of $30.83 million in the corresponding year-ago period, Monster Worldwide said in a statement.
Revenues rose to $223.05 million in the second quarter ended June 30, 2009, from $354.29 million in the same quarter last fiscal.
During the quarter, Monster"s net cash and securities stood at $235 million.
For the first half of 2009, the online employment solution provider reported total revenue of $477 million as compared to $721 million in the comparable period last year.
The company posted a loss of $12 million for the six months ended June 30, 2009, as against a net income of $53.42 million in the year earlier.
Monster Careers revenue declined 37 per cent to $413 million compared with $658 million in the 2008 period.
The company"s revenue from internet advertising and fees stood at $64 million, a slight increase over the $63 million in the prior year period.