HRnetGroup Q1 profit up 18.5% at S$19.3m

Singapore

MAINBOARD-LISTED recruitment firm HRnetGroup on Friday posted an 18.5 per cent rise in net profit for its fiscal first quarter, thanks to its business in Hong Kong and Shanghai, as well as a boost from other income.

For the three months ended March 31, net profit stood at S$19.3 million, up from S$16.3 million a year ago. This translated to earnings per share of 1.92 Singapore cents, versus earnings per share of 1.61 Singapore cents previously. No dividend has been declared, unchanged from the preceding year.