Daily News

View All News

Taiwan – 104 Corp Q4 revenue up 5.7%, but profits slide

26 January 2023

Job board 104 Corp (3130: TAI) reported operating revenue last week of TWD 525.2 million (USD 17.3 million) for the fourth quarter ended 31 December 2022, an increase of 5.7% when compared to the previous year.

Operating income and Pre-tax income were TWD 61 million (USD 2.0 million) and TWD 65 million (USD 2.1 million), a decrease of 25.9% and 25.0% on a year-over-year basis, respectively. No explanation for the fall in profit was provided in the company’s financial news release.

(TWD millions) Q4 2022 Q4 2021 Change Q4 2021 (USD millions)
Operating revenue 525.2 496.7 5.7% 17.3
Operating income 61.0 82.4 -25.9% 2.0
Pre-tax income 64.9 86.5 -25.0% 2.1

104 Corp also published full year 2022 revenue of TWD 2.17 billion (USD 71.7 million), an increase of 17.7% over the previous year. Operating income stood at TWD 502.4 million (USD 16.6 million), up 27.2% over the year while pre-tax income stood at 523.7 million (USD 17.3 million), up 28.7% over the year.

The job board operates www.104.com.tw, providing online recruitment advertisements, online business advertisements, senior executives hunting services, human resource management software, human resource transfer services, science and technology job bank services, job mapping services, recruitment platform consulting services, education and learning services, as well as tutoring and outsourcing services and other value-added services, amongst other online recruitment services. It operates its business principally in Taiwan.

In 2021, the company launched 104 Senior Job Bank, which provides middle and senior aged people with self-supporting services for their transition on jobs and health, to fulfil its goals concerning corporate social responsibility.

104 Corp shares closed on 16 January at TWD 205.00 (USD 6.78), up 0.24% on the day. The company has a market cap of TWD 6.62 billion (USD 218.84 million).