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Japan-based temporary staffing firm PA Co. Ltd., (4766: JP) reported revenue for the nine months ending 30 September 2013 of JPY 1.05 billion (USD 10.6 million), an increase of +13% compared with JPY 933 million (USD 9.4 million) last year.
The company reported an operating profit of JPY 110 million (USD 1.1 million), equating to year-on-year growth of +3.2% compared with JPY 107 million (USD 1.08 million) last year. Pre-tax profit for the period rose by +11.8% compared with 2012, increasing from JPY 113 million (USD 1.13 million) in 2012 to JPY 126 million (USD 1.3 million) this year.
Despite improved revenue and profit in 2013, the company reported a -2.3% drop in net income for the nine month period compared with a year ago. Net income fell to JPY 121 million (USD 1.2 million) during 2013 from JPY 124 million (USD 1.25) last year.
According to the company’s financial statement, their net income was negatively impacted by increased SG&A costs and income tax expense.
PA Co., operates two business segments; Information Services and Manpower Dispatching. The Information Services segment publishes free job information magazines and sales promotion information magazines; offers sales promotion tools through mobiles; and operates recruitment Websites for full-time employers focusing on mobile sites. The Manpower Dispatching segment provides temporary staffing services.
In trading today, the company share price reported no movement from JPY 233 (USD 2.34), an increase of +113.8% compared with a year ago. Based on its current share price, the company has a market value of JPY 2.6 billion (USD 26.1 million).