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View All NewsAltech Corp full year revenue edges up 5.9%
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue yesterday for the full year ended 31 December 2023 of JPY 46.21 billion (USD 306.3 million), an increase of 5.9% when compared to the same period last year.
| (JPY millions) | FY 2023 | FY 2022 | Change | FY 2023 |
| Revenue | 46,216 | 43,647 | 5.9% | 306.3 |
| Gross Profit | 10,952 | 10,488 | 4.4% | 72.6 |
| Gross Margin | 23.7% | 24.0% | - | - |
| Operating Profit | 4,982 | 4,649 | 7.2% | 33.0 |
| Net Income | 3,696 | 3,416 | 8.2% | 24.5 |
Altech Corporation, together with its subsidiaries, provides professional staffing services in the technical sector, primarily in Japan. The company also provides total staffing solutions for the healthcare sector and operates and manages private residential homes with nursing care.
Net sales in the outsourcing service business were up 6.3% over the prior year period. In the global business, revenue ticked up slightly by 0.6%.
Looking ahead the company forecasted revenue of JPY 49.50 billion (328.15 million).
Altech Corp shares closed yesterday at JPY 2,955.00 (USD 19.59), up 0.92% on the day and 5.89% below its 52-week high of JPY 3,140.00 (USD 20.82), set on 23 June 2023. The company has a market cap of JPY 62.93 billion (USD 417.2 million).