Daily News
View All NewsJapan – Altech Corp revenue grows 7.4% during H1 2021
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue for the first six months ended 30 June 2021 of JPY 18.77 billion (USD 169.8 million), an increase of 7.4% when compared to the same period last year.
| JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Revenue | 18,770 | 17,483 | 7.4% | 169.8 |
| Gross Profit | 4,214 | 4,209 | 0.1% | 38.1 |
| Gross Margin | 22.4% | 24.0% | ||
| Operating Profit | 1,732 | 1,785 | 8.6% | 15.6 |
| Net Income | 1,552 | 1,426 | 18.3% | 14.0 |
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.
The group said it had worked to secure engineers amid the pandemic.
Looking ahead the company forecasted revenue of JPY 40.0 billion (USD 361.96 million) for the full year ended December 2021.
Shares in Altech Corp closed at JPY 2,019.00 (USD 18.27), up 0.95% on the day and 12.73% above the 52 week low of JPY 1,791.00 (USD 16.21) set on 28 August 2020. The company has a market cap of JPY 49.49 billion (USD 447.83 million).