HRnetGroup posts 7.1% rise in FY19 profit, sees potential revenue impact from virus

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Group revenue declined 1.3 per cent to S$423.1 million, from S$428.5 million a year ago, weighed down by lower contribution from the professional recruitment business but partially offset by higher revenue from flexible staffing.

Gross profit fell by 6.3 per cent to S$145.6 million for the year, with most of the drag coming from the fourth quarter which bore the brunt of the trade war.

 

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