Corporate digest

HRnetGroup

HRNETGROUP on Tuesday posted an 11.5 per cent fall in net profit to S$11.5 million for the second quarter, from S$13 million a year ago on the back of lower margins from flexible staffing. Gross profits were slightly lower mainly due to the inclusion of government contracts which carry lower margins, the mainboard-listed recruitment firm said.

Earnings per share (EPS) was 1.14 Singapore cents versus 1.29 cents a year ago. Revenue rose 0.5 per cent to S$108.5 million from S$108 million a year ago.