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View All NewsJapan – Quick Co. revenue slips 2.9% in first half, profits also drop
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue for the first six months ended 30 September 2020 of JPY 10.55 billion (USD 101.0 million), a decrease of 2.9% compared to the previous year.
| JPY millions) | H1 2020 | H1 2019 | Change | H1 2020 (USD millions) |
| Revenue | 10,550 | 10,864 | -2.9% | 101.0 |
| Operating Profit | 1,906 | 2,305 | -17.3% | 18.2 |
| Net Income | 1,422 | 1,552 | -8.4% | 13.6 |
Quick Co. provides recruitment advertising and dispatch (temporary staffing) services.
The group said some of its businesses had been impacted by the coronavirus pandemic during the period.
Quick Co. forecasted revenue of JPY 19.40 billion (USD 185.7 million) for the year ended 31 March 2021.
According to SIA’s Largest Staffing Firms in Japan report, Quick Co. was the 29th largest staffing firm in Japan based on revenue.
Shares in Quick Co. closed at JPY 1,014.00 (USD 9.71), down 2.03% on the day and 24.57% above the 52 week low of JPY 814.00 (USD 7.80) set on 6 April 2020. The company has a market cap of JPY 19.77 billion (USD 189.3 million).