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HRnetGroup gives out dividend of 2.5 cents in FY2020 despite 9.2% drop in earnings

Amala Balakrishner
Amala Balakrishner  • 2 min read
HRnetGroup gives out dividend of 2.5 cents in FY2020 despite 9.2% drop in earnings
Earnings of professional services firm HRnetGroup plunged by 9.2% to $49.8 million in FY2020, from $50.9 million in FY2019
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Earnings of professional services firm HRnetGroup was down by 9.2% to $49.8 million in FY2020 ended December, from $50.9 million in the year before.

On a fully diluted basis, this translates to earnings per share of 4.67 cents in FY2020 versus 5.11 cents in the year before.

The decline is despite what the group calls a “record high” revenue of $433.0 million. This is up 2.4% from the $423.1 million logged in FY2019.

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