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Taiwan – 104 Corp Q1 revenue edges up slightly but profits fall

18 May 2023

Job board 104 Corp (3130: TAI) on Friday 104 Corporation published its reviewed financial report last week for the first quarter ended 31 March 2023. Operating revenue for the first quarter of 2023 amounted to TWD 530.5 million (USD 17.24 million), up 1.98% over the year.

(TWD thousands) Q1 2023 Q1 2022 Change Q1 2023 (USD thousand,s)
Operating Revenue 530,561 520,269 1.98% 17,248
Gross Profit 462,305 468,010 -1.22% 15,029
Operating Income 102,701 144,321 -28.84% 3,338
Net Income 94,639 122,403 -22.68% 3,076

104 Corporation, headquartered in Taipei, has been a provider of integrated human resource services in Taiwan since 1996. 104 Corporation was the first listed internet company on the Taiwan Stock Exchange in 2006. The group also provides online job advertising as well as recruitment and executive search.

Earlier this month, the group reported consolidated revenue for April 2023 of TWD 184.1 million (USD 6.0 million), down 1.47% compared to the same period in 2022.

104 Corp. ranks as the 38th-largest job advertising firm in the world, according to the Online Job Advertising Market Update 2023 report recently released by Staffing Industry Analysts.

104 Corp shares closed on 11 May at TWD 216.50 (USD 7.04), down 0.45% on the day. The company has a market cap of TWD 7.15 billion (USD 232.48 million).