Shares & Derivatives
HRnet 1H21 results: Still anti-fragile
By Evergreen Investing  •  August 14, 2021
HRnet reported great results for the first half of 2021. HRnet’s revenue, gross profit and net profit reached a record high in the first half of 2021 because of a big jump in flexible staffing and professional recruitment revenue. Source: HRnet 1H21 results presentation Here are the key points for HRnet’s 1H21 results:
  1. Revenue was up 30% year on year to SGD275 million while net profit rose 71% year on year to SGD36 million.  These strong results were driven by a big jump in flexible staffing revenue and improving professional recruitment activity.
  2. Flexible staffing headcount rose 47% year on year to a record 17,123 contractors.
  3. Job placements increased 6% year on year to 3,760 permanent jobs.
  4. The healthcare and life sciences industry which include pharmaceutical, medical service and research companies was the largest contributor to HRnet revenue (26% of 1H21 revenue vs 15% in 1H20). I can’t confirm this but this jump may be driven
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By Evergreen Investing
I have been investing over the last 8 years and felt inspired to start this blog after getting many questions from friends and family about dividend investing. The Evergreen Investing blog aims to prove that a portfolio of SGX income stocks can generate decent annual returns through dividends and capital gains over a 5 year period ...
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