HRnetGroup has reported 2HFY2021 earnings of $29.6 million, up 14.2% y-o-y, bringing full year earnings to a company record high of $65.5 million, up 39.7% over FY2020.
The regional recruitment agency recorded a revenue of $315.5 million for 2HFY2021, up 41.6% y-o-y, thanks to a more active employment market.
Revenue for FY2021 reached $590.5 million, up 36.4% over FY2020.
HrnetGoup’s bottomline for FY2021 was partly lifted by government grants and subsidies of some $8.7 million, as well as net fair value and disposal gain on financial assets of $4.4 million.
For FY2020, these two respective items were $11.7 million and $1.4 million.
Both of HRnetGroup’s main business segments generated steady growth.
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Its so-called flexible staffing business, which refers to shorter term contract work placements, generated sales of $496.2 million, up 37.8%. Gross profit hit $78.3 million, up 41.5%.
For its professional recruitment segment, revenue was up 30.6% to $94.8 million, while gross profit was up 17.1%.
The company plans to pay a final dividend of 3 cents, plus a special dividend of one cent, bringing FY2021 total to 4 cents.
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At this level, it is equivalent to a payout ratio of 5.7% and a yield of 5.3% based on Feb 24 closing price of 75 cents.
For FY2020, it paid 2.5 cents.
