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Taiwan – 104 Corp third quarter revenue increase 26.6%

27 October 2022

Job board 104 Corp (3130: TAI) published its unaudited financial report earlier this month. Operating revenue for the third quarter of 2022 amounted to TWD 582 million (USD 18.1 million), with a 26.58% year-over-year increase.

The growth in the third quarter was attributed to the revenue growth of online job advertising.

(TWD thousands) Q3 2022 Q3 2021 Change Q3 2022 (USD millions)
Operating revenue 581,533 459,428 26.6% 18.1
Operating income 141,589 103,144 37.2% 4.4
Pre-tax income 148,027 105,384 40.4% 4.6

The accumulated operating revenue for the first three quarters of 2022 (first nine months) amounted to TWD 1.65 billion (USD 51.4 million), an increase of 22.14% compared to the corresponding period in the preceding year. Operating income and pre-tax income were TWD 441 million (USD 13.7 million) and TWD 459 million (USD 14.3 million), an increase of 41.2% and 43.2%, on a year-over-year basis, respectively.

The company 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.

Shares in 104 Corp closed on 14 October at TWD 191.00 (USD 5.96), down 0.52% on the day. The company has a market cap of TWD 6.32 billion (USD 197.07 million).