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View All NewsAltech H1 revenue growth boosted by outsourcing and global segments
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue for the first six months ended 30 June 2023 of JPY 22.82 billion (USD 159.6 million), an increase of 9.7% when compared to the same period last year.
| JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
| Revenue | 22,820 | 20,811 | 9.7% | 159.6 |
| Gross Profit | 5,432 | 4,942 | 9.9% | 37.9 |
| Gross Margin | 23.8% | 23.7% | ||
| Operating Profit | 2,380 | 2,195 | 8.5% | 16.6 |
| Net Income | 1,814 | 1,573 | 15.3% | 12.7 |
Altech Corporation, together with its subsidiaries, provides professional staffing services in the technical sector, primarily in Japan. The company operates in two business segments including the Outsourcing Service segment and the Global segment.
Revenue in the Outsourcing Service segment increased by 8.1% over the year. Revenue in the Global segment rose by up 28.9% year on year.
Looking ahead the company forecasted revenue of JPY 46.60 billion (USD 326.00 million) for the year ended 31 December 2023.
Altech Corp shares closed today at JPY 2,668.00 (USD 18.66), down 0.11% on the day and 15.03% below its 52-week high of JPY 3,140.00 (USD 21.97), set on 23 June 2023. The company has a market cap of JPY 58.09 billion (USD 406.38 million).