Kanzhun's Profit Jumps in Q1; Shares Drop 7%

MT Newswires Live
May 23

Kanzhun (HKG:2076) recorded a rise in attributable net income in the first quarter to 518.1 million yuan from 245.0 million yuan a year prior, a Thursday filing with the Hong Kong bourse said.

Earnings per share rose to 0.58 yuan in the three months from 0.27 yuan in the same period last year.

The online recruitment services company's total revenue rose 13% to 1.92 billion yuan from 1.70 billion yuan in the year-ago period.

Shares of the company plunged nearly 7% in afternoon trade Friday.

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