Home Capital Broker's Calls

HRNet earnings up but analysts maintain conservative stance

Amala Balakrishner
Amala Balakrishner2/28/2020 1:5 PM GMT+08  • 4 min read
HRNet earnings up but analysts maintain conservative stance
“The majority of HRnet’s gross profit exposure is from Singapore and China, with both having a high number of confirmed cases. We therefore expect core earnings for FY20F to shrink by 12% y-o-y before recovering in FY21F,” DBS analysts say.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 28): Earnings of recruitment firm HRNetGroup was up 40.1% to $8.8 million in 4QFY2019, from $6.3 million in the corresponding period a year ago, as it booked one-off gains including from disposal of an investment.

Its substantial increase mitigated the 4.3% contraction in the group’s revenue to $103.9 million for the quarter.

Overall, HRNetGroup’s earnings for FY2019 was up 7.1% from the $48.2 million it logged a year ago.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.