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View All NewsAltech nine-month revenue up 6.5% with profits on the rise
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue today for the nine months ended 30 September 2023 of JPY 34.18 billion (USD 226.6 million), an increase of 6.5% when compared to the same period last year.
| (JPY millions) | 9 months 2022 | 9 months 2023 | Change | 9 months 2023 (USD millions) |
| Revenue | 34,186 | 32,105 | 6.5% | 226.6 |
| Gross Profit | 7,933 | 7,565 | 4.8% | 52.5 |
| Gross Margin | 23.2% | 23.6% | - | - |
| Operating Profit | 3,542 | 3,514 | 0.8% | 23.4 |
| Net Income | 2,537 | 2,402 | 5.7% | 16.8 |
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.
Revenue in the outsourcing service business was up 6.7%. The global business was up 4.6% over the year.
Looking ahead the company forecasted revenue of JPY 46.60 billion (USD 308.9 million) for the year ended 31 December 2023.
Altech shares closed at JPY 2,618.00 (USD 17.35), down 0.61% on the day and 16.62% below its 52-week high of JPY 3,140.00 (USD 20.81), set on 23 June 2023. The company has a market cap of JPY 57.28 billion (USD 379.72 million).