HRnetGroup profits up 3.56% to $11m in Q3

Profit attributable to shareholders also rose 20.2% YoY to $10.7m.

The recruitment firm saw its profits rise slightly by 3.56% YoY to $11m in Q3 as a result of its 88GLOW scheme where individuals can swap their minority interests in select group subsidiaries in exchange for shares.

Profit attributable to shareholders similarly rose 20.2% YoY to $10.7m in Q3 due to acquisition of non-controlling interests under the 88GLOW programme.

Revenue also went up 7% YoY to $97.48m in Q3 largely due to higher flexible staffing revenue. However, sub-contractor expenses similarly increased by 10.2% YoY to $5.8m in Q3 as part of the group’s overall flexible staffing scheme.

HRnetGroup went public last June as it launched $174m initial public offering (IPO) for a total of 193.4 million shares at an issued price of $0.90 per share.

Also Read

MoM underscores tripartite efforts to safeguard workers following Dyson layoffs

SUSS, Think Education launch Success Academy in Mumbai

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices