Floating Button
Home Capital Broker's Calls

HRNet earnings up but analysts maintain conservative stance

Amala Balakrishner
Amala Balakrishner • 4 min read
HRNet earnings up but analysts maintain conservative stance
“The majority of HRnet’s gross profit exposure is from Singapore and China, with both having a high number of confirmed cases. We therefore expect core earnings for FY20F to shrink by 12% y-o-y before recovering in FY21F,” DBS analysts say.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 28): Earnings of recruitment firm HRNetGroup was up 40.1% to $8.8 million in 4QFY2019, from $6.3 million in the corresponding period a year ago, as it booked one-off gains including from disposal of an investment.

Its substantial increase mitigated the 4.3% contraction in the group’s revenue to $103.9 million for the quarter.

Overall, HRNetGroup’s earnings for FY2019 was up 7.1% from the $48.2 million it logged a year ago.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.