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HRnetGroup posts 20% rise in 3Q earnings to $10.7 mil

Stanislaus Jude Chan
Stanislaus Jude Chan11/13/2017 8:36 AM GMT+08  • 1 min read
HRnetGroup posts 20% rise in 3Q earnings to $10.7 mil
SINGAPORE (Nov 13): Recruitment business HRnetGroup saw its earnings jump 20.2% to $10.7 million for the 3Q ended September, from $8.9 million a year ago.
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SINGAPORE (Nov 13): Recruitment business HRnetGroup saw its earnings jump 20.2% to $10.7 million for the 3Q ended September, from $8.9 million a year ago.

In a filing to SGX on Monday, HRnetGroup attributes the increase to the group’s acquisition of non-controlling interests and increasing of its stake in certain operating subsidiaries under the 88GLOW scheme.

Revenue grew 7% to a record high $97.5 million in 3Q17, from $91.1 million a year ago, mainly due to the flexible staffing business in Singapore registering strong growth.

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