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Brainhunter posts second-quarter profit

May 16 2008

Brainhunter Inc. (TSX: BH) reported net income of C$2.9 million (US$2.8 million) for its second quarter ended March 31, compared with a loss of C$232,428 in the same period in the previous year.

Second-quarter revenue rose 4.5% to C$60.5 million (US$59.2 million) from C$57.9 million in the year-ago quarter. Gross margin fell to 14.1% from 14.7%.

Brainhunter said it took a C$7.0 million (US$6.8 million) gain in the second quarter on the sale of its CareerSite business to Workopolis, a Canadian job board.

Brainhunter Inc. (TSX: BH)
For the second quarter ended March 31, 2008, compared with the same period in the previous year.
Revenue: C$60.5 million (US$59.2 million), +4.5%
Net income: C$2.9 million (US$2.8 million) vs. net loss of C$232,428

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