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Monster.ie's parent company, TMP interactive, announced fees and commissions for its worldwide Internet operation increased by 150 percent in 2000.
The increase amounted to USD142.1 million for the year and the fourth quarter results showed a 16 percent increase over the USD122 million in fees and commissions for the third quarter of 2000.
"Monster.ie benefits from TMP's strong global performance as it provides us with sound financial backing," said Alan Townsend, managing director of Monster.ie.
"Monster.com is a profitable on-line career management business which in itself makes us unusual," he said.
"We have major resources behind us to ensure we become even more dominant in Ireland and abroad in 2001," Townsend added.
The company said in the month of December Monster.ie had 70,000 unique visitors and over 500,000 page impressions. The Irish site has 10,000 "My Monster" account holders and over 1,000 jobs on offer.
Monster.com had an adjusted operating profit of USD28.1 million for 2000 and the website had 5.9 million unique visitors in January.
Jeff Taylor, chief executive officer of Monster.com said "In the fourth quarter, we surpassed our closest European competitor in unique visitors number of CV's, job postings and revenues," said Jeff Taylor, chief executive officer of Monster.com.
Monster's CV database has grown to over 8.3 million in January of this year compared to 2.7 million for the same time last year.
TMP Worldwide, the group which owns Monster.com, said that total commissions and fees increased 45 percent to USD351.9 million for the fourth quarter of 2000. This was up from USD243.2 million in the fourth quarter of 1999.
Adjusted net income was USD38 million, or USD.35 a share. This is a 305 percent increase over the 1999 figures which were USD9.4 million, or USD.10 a share.
TMP expects to post first quarter earnings of between USD.14 and USD.15 with full year 2001 earnings of between USD1.38 a share and USD1.42 a share up from USD1.02 for 2000.
Monster.com said it had extended its dominant standing as the leading global on-line career site with a 53 percent share of the total career or job seeker audience on-line.
Monster.ie faces some competitors in Ireland, most notably Stepstone.ie, Irishjobs.ie, Topjobs.ie and Jobsireland.com, among others.
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