JTec Corp H1 revenue ticks up 1.4%, profits rise
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Japanese staffing company JTec (2479: JP) reported revenue yesterday for the first six months ended 30 September 2024 of JPY 1.64 billion (USD 10.8 million), an increase of 1.4% compared with last year.
(JPY millions) | H1 2024 | H1 2023 | Change | H1 2024 (USD millions) |
Revenue | 1,647 | 1,624 | 1.4% | 10.8 |
Gross Profit | 553 | 484 | 14.4% | 3.6 |
Gross Margin | 33.5% | 29.8% | - | - |
Operating Profit | 98 | 65 | 48.9% | 0.6 |
Net Income | 63 | 33 | 91.4% | 0.4 |
JTec offers outsourcing for technical personnel, especially in technology. The company provides mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design and software development on a contract basis.
Revenue in the Technical Intellectual Property Leasing Business was up by 2.3%. During that period, the group suspended operations in the General Staffing and Engineer Staffing Businesses.
Looking ahead, the company forecasted revenue of JPY 3.75 billion (USD 24.5 million) for the full year ended 31 March 2024.
JTec shares closed yesterday at JPY 227 (USD 1.49), up 2.7% on the day. The company has a market cap of JPY 1.99 billion (USD 13.0 million).