Monster Worldwide posts Q2 loss of $1.37 mn

Written by Agencies | New York | Updated: Aug 1 2009, 01:32am hrs
Monster Worldwide, the parent company of global online employment solution provider Monster.Com, reported a net loss of USD 1.37 million in the quarter ended June 30 this year.

The company had a net income of USD 30.83 million in the corresponding year-ago period, Monster Worldwide said in a statement.

Revenues rose to USD 223.05 million in the second quarter ended June 30, 2009, from USD 354.29 million in the same quarter last fiscal.

During the quarter, Monster's net cash and securities stood at USD 235 million.

For the first half of 2009, the online employment solution provider reported total revenue of USD 477 million as compared to USD 721 million in the comparable period last year.

The company posted a loss of USD 12 million for the six months ended June 30, 2009, as against a net income of USD 53.42 million in the year earlier.

Monster Careers revenue declined 37 per cent to USD 413 million compared with USD 658 million in the 2008 period.

The company's revenue from internet advertising and fees stood at USD 64 million, a slight increase over the USD 63 million in the prior year period.