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Taiwan – 104 Corp revenue up slightly in third quarter

21 October 2020

Job board 104 Corp (3130: TAI) reported revenue last week of TWD 434 million (USD 15.1 million) for the third quarter ended 30 September 2020, an increase of 2.0% when compared to the previous year.

(TWD millions) Q3 2020 Q3 2019 Change Q3 2020 (USD millions)
Operating revenue 433.9 425.4 2.0% 15.1
Operating income 96.6 97.6 -0.1% 3.3
Pre-tax income 100.4 101.9 -1.4% 3.5

“The number of job-posting corporate customers that hit rock bottom in April has increased gradually since then and driven revenue growth,” the group stated.

104 Corporation 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.

Taiwan has been only marginally impacted by Covid-19 registering just nine deaths to date.

Shares in 104 Corp traded at TWD 142.00 (USD 4.95) last Thursday, no change on the day. The company has a market cap of TWD 4.73 billion (USD 164.9 million).