HRnetGroup reports 46% higher 1Q earnings of S$16.3 mil

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SINGAPORE (May 9): Recruitment and staffing firm HRnetGroup reported 1Q18 earnings of S$16.3 million, 46% higher than the 1Q17 earnings of S$11.2 million.

This was a result of the implementation of 88GLOW Plan in June 2017, which saw the acquisition of certain co-owners’ stakes.

Revenue rose 12.2% or S$11.6 million to S$107 million, led by flexible staffing and professional recruitment.

Revenue and gross profit from flexible staffing grew...(click on link for full story on theedgesingapore.com)