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View All NewsSingapore – HRnetGroup H1 revenue and profits show improvement
16 August 2021
Singapore-based recruitment firm, HRnetGroup, reported revenue of SGD 275.1 million (USD 202.8 million), an uptick of 30.8% compared to the same period last year.
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Revenue | 275.1 | 210.3 | 30.8% | 202.8 |
| Gross Profit | 81.8 | 62.4 | 31.0% | 60.3 |
| Net Profit after Tax | 38.0 | 22.2 | 71.4% | 28.0 |
The principal activities of the group are providing services on professional recruitment and flexible staffing.
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Professional recruitment | 44.0 | 35.2 | 25.1% | 32.4 |
| Flexible staffing | 229.6 | 174.1 | 31.8% | 169.3 |
| Revenue | 275.1 | 210.3 | 30.8% | 202.8 |
Revenue by geography
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Singapore | 192.1 | 155.2 | 23.8% | 141.6 |
| North Asia | 72.5 | 50.4 | 43.8% | 53.4 |
| Rest of Asia | 10.4 | 4.7 | 120.2% | 7.6 |
North Asia comprises China, Taiwan, Hong Kong, Japan and South Korea. Rest of Asia comprises Malaysia, Thailand and Indonesia.
Shares in HRnetGroup closed on Friday at SGD 0.80 (USD 0.59), down 2.4% on the day. The company has a market cap of SGD 803.19 million (USD 592.30 million).