- 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.
- Flexible staffing headcount rose 47% year on year to a record 17,123 contractors.
- Job placements increased 6% year on year to 3,760 permanent jobs.
- 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
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: