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HRnetGroup reports earnings of $34.6 million, to pay interim dividend of 2.13 cents

The Edge Singapore
The Edge Singapore8/11/2022 06:18 PM GMT+08  • 2 min read
HRnetGroup reports earnings of $34.6 million, to pay interim dividend of 2.13 cents
Citing its cash balance of $312.7 million, and no bank borrowings, the company says it is shielded from the impact of rate hikes
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Staffing agency HRNetGroup has reported earnings of $34.6 million, down 3.7% y-o-y. If one-off and other items are excluded, the company’s underlying earnings would have increased by 36.2% y-o-y to $42.6 million.

Revenue in the same period was up 14.2% y-o-y to $314.2 million, with clients from the healthcare, life science segment generating the most revenue.

Clients from the technology sector was another key driver, pushing the proportion of revenue from 13% to 19%, with the growth coming from semiconductor sector hiring in China and Taiwan.

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