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View All NewsJTec H1 revenue rises 2.9% as it reports improvement in profits
Japanese staffing company JTec Corp. (2479: JP) reported revenue yesterday for the first six months ended 30 September 2023 of JPY 1.62 billion (USD 10.7 million), an increase of 2.9% compared with last year.
| (JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD millions) |
| Revenue | 1,624 | 1,578 | 2.9% | 10.7 |
| Gross Profit | 484 | 423 | 14.4% | 3.2 |
| Gross Margin | 29.8% | 26.8% | - | - |
| Operating Profit | 65 | 34 | 89.5% | 0.4 |
| Net Income | 33 | 31 | 3.8% | 0.2 |
JTec Corp offers outsourcing for technical personnel especially in technology. The company provides mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design, and software development on a contract basis.
Within the technical intellectual property leasing business revenue was up 3.2% over the year.
In the general dispatch and engineer dispatch business, revenue was down 20.1% over the year.
Looking ahead the company forecasted revenue of JPY 3.75 billion (USD 24.76 million) for the year ended 31 March 2024.
JTec shares closed yesterday at JPY 231.00 (USD 1.53), up 0.43% on the day. The company has a market cap of JPY 1.93 billion (USD 12.74 million).