HRnetGroup Q2 profit jumps 78% to S$13m
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MAINBOARD-LISTED recruitment firm HRnetGroup on Friday posted a second quarter net profit of S$13 million, up 78 per cent from S$7.3 million the year ago.
The increase in net profit was attributed to the implementation of the 88GLOW Plan in June 2017, which saw the acquisition of certain co-owners' stakes, said HRnetGroup.
Revenue for the three months ended June 30 rose by 10.8 per cent to S$108 million from S$97.4 million last year on strong performance in professional recruitment in North Asia and Singapore.
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