MAINBOARD-LISTED recruitment firm HRnetGroup on Friday posted an 18.5 per cent rise in net profit for its fiscal first quarter, thanks to its business in Hong Kong and Shanghai, as well as a boost from other income.
This was mainly attributable to resilience from HRnetGroup's North Asia markets - Hong Kong and Shanghai - the company said. Meanwhile, other income rose by S$4.7 million mainly due to a S$4.4 million unrealised gain from the revaluation of securities, and a S$1.1 million realised gain from the disposal of strategic investments, the company said.
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