Renrui Human Resources Technology (6919: HKG), a mainland China-based flexible staffing service provided a business update for the six months ended 30 June 2021.

The management's estimate an increase in revenue of approximately 75% to 85% for the six-month period year on year. Net profits are expected to be up approximately 25% to 35% and adjusted net profit up approximately 45% to 55%.

The company states that the group's major business segments have grown significantly due to the effective control of Covid-19 in China. Furthermore, the group's flexible staffing employees increased by more than 1,200 from March 2021 to June 2021. While the group's BPO  employees increased to over 4,200. Which has also helped revenue grow.

The expected increase in profit and adjusted net profit is ascribed to increased revenue and better operating leverage utilising the group's integrated HR ecosystem.

The group's consolidated interim results for the six-month period ended June 2021 is expected to be released on or before 31 August 2021.