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HRnetGroup casts its net wider as 2Q earnings drop 11.5% to $11.5 mil on Singapore contraction

Amala Balakrishner
Amala Balakrishner8/13/2019 04:26 PM GMT+08  • 4 min read
HRnetGroup casts its net wider as 2Q earnings drop 11.5% to $11.5 mil on Singapore contraction
SINGAPORE (Aug 13): Mainboard-listed recruitment firm HRnetGroup saw its earnings drop 11.5% to $11.5 million for the 2Q19 ended June, from $13.0 million a year ago.
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SINGAPORE (Aug 13): Mainboard-listed recruitment firm HRnetGroup saw its earnings drop 11.5% to $11.5 million for the 2Q19 ended June, from $13.0 million a year ago.

This translates to earnings per share of 1.14 cents for the quarter on a fully diluted basis, compared to 1.28 cents in 2Q18.

The decline comes on the back of lower margins from its flexible staffing segment, says executive director Adeline Sim in a results briefing on Tuesday.

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