Online recruitment giant Monster fourth quarter net loss of 73 million

Beijing time on February 7th evening news, global online recruitment giant monster (Monster Worldwide) group (NYSE:MWW) reported on Thursday, 2012 in the fourth quarter loss widened, and announced that Mexico and Brazil, have been withdrawn from the market in Turkey.

the company has also said, will be held by the 90% stake was sold to the Irish Shanglong group (Saongroup), and will retain the business after the merger of 10% equity.

last November, the monster announced that it would sell a loss of Chinese business to focus on the core of North American and European operations. In March last year, the company also hired Stone Key Partners and Merrill Lynch to help them assess the strategic options, including the possibility of the sale of the company. Since then, the company’s share price has fallen by about 1/4.

in the fourth quarter of last year, a net loss of $73 million monster, a total of 66 cents per share, up from $10 million 900 thousand a year earlier, at $9 per share. Excluding one-time items, the company adjusted earnings per share of 8 cents per quarter. Revenue fell 10% to $211 million.

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