Home Capital Results

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
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.