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HRnetGroup 3Q earnings up 17.5% to $12.6 mil

PC Lee
PC Lee11/8/2018 8:13 PM GMT+08  • 2 min read
HRnetGroup 3Q earnings up 17.5% to $12.6 mil
SINGAPORE (Nov 8): HRnetGroup reported 3Q earnings grew 17.5% to $12.6 million from a year ago as a result of the strong improvement in net profit after tax that increased by 23.9% to $13.6 million.
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SINGAPORE (Nov 8): HRnetGroup reported 3Q earnings grew 17.5% to $12.6 million from a year ago as a result of the strong improvement in net profit after tax that increased by 23.9% to $13.6 million.

Total revenue for 3Q grew by 7.7% to $105 million as the group delivered its fourth consecutive quarter in excess of $100 million. Gross profit grew by 15.8% to a record high of $39.9 million.

Revenue from professional recruitment grew by 22.2% to $27.6 million and gross profit by 21.7% to $27.5 million, mainly attributable to the strong performance of our existing business units in North Asia -- particularly Mainland China and Hong Kong -- and Singapore and the positive contribution arising from the consolidation of its first month of operations with REForce and HRnet Rimbun.

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