SINGAPORE (Aug 14): HRnetGroup announced earnings of $7.3 million for the 2Q ended June, down 10.3% from the $8.2 million reported a year ago.
This comes even as the recruitment firm achieved a record quarter of revenue, which grew 6.4% to $97.4 million in 2Q from $91.6 million a year ago on the increase in flexible staffing in Singapore, which substantially offset a reduction in revenue from professional recruitment.
As such, there was a shift towards higher gross profit contribution from flexible staffing which has a recurring nature, says the group in its regulatory filing on Monday.
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