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HRnetGroup reports lower earnings of $44.5 mil for FY2024, down 30% y-o-y

Nicole Lim
Nicole Lim • 2 min read
HRnetGroup reports lower earnings of $44.5 mil for FY2024, down 30% y-o-y
Lower revenue and a lower gross profit were also reported, as gross profit contracted most severely in Singapore and mainland China. Photo: HRnetGroup
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Recruitment firm HRnetGroup reported earnings of $44.5 million for the FY2024 ended Dec 31, 2024, down 30% y-o-y. For 2HFY2024, the group saw a 35.3% y-o-y decrease in earnings to $22.8 million. 

Earnings per share for FY2024 came in at 4.53 cents per share. 

The group reported a lower revenue for FY2024 of $567 million, down 2% y-o-y. For the 2HFY2024, it saw a 0.9% y-o-y lower earnings of $281.1 million. 

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