YY Group Holding, a Singapore-based staffing firm, announced on 10 September its financial and operating results for the six months ended 30 June 2024. Revenue increased by 41.0% to USD 19.2 million.

Fu Xiaowei, CEO of YY Group, said in a press release, “We are thrilled with the strong growth and operational achievements in the first half of 2024. Our successful IPO and the expansion into Australia and Vietnam underscore our commitment to broadening our international footprint. We look forward to delivering sustained value to our shareholders as we continue to grow.”

On 22 April 2024, YY Group completed its initial public offering by issuing 1,125,000 Class A Ordinary Shares at a public offering price of USD 4.00 per share for aggregate gross proceeds of approximately USD 4.5 million before deducting underwriting discounts, commissions and other offering expenses.

YY Group said its performance “reflects its sustained growth across its platform and the success of its global expansion efforts.”

YY Group is a data and technology-driven provider of staffing solutions for the hotel and hospitality industry as well as commercial cleaning and janitorial services.

Further group metric data showed downloads and active users grew by 33.8% and 43.2%, respectively, with total downloads reaching 464,595 and active users reaching 152,650 as of 30 June 2024.

On 10 September, YY Group shares closed at USD 1.09 in the US, down 0.9% on the day. The company has a market cap of USD 40.21 million.