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HRnetGroup First Half 2023 Earnings: EPS: S$0.029 (vs S$0.035 in 1H 2022)

Simply Wall St
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HRnetGroup (SGX:CHZ) First Half 2023 Results

Key Financial Results

  • Revenue: S$294.8m (down 6.2% from 1H 2022).

  • Net income: S$28.3m (down 18% from 1H 2022).

  • Profit margin: 9.6% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue.

  • EPS: S$0.029 (down from S$0.035 in 1H 2022).

earnings-and-revenue-growth
SGX:CHZ Earnings and Revenue Growth August 14th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

HRnetGroup Earnings Insights

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Asia.

Performance of the market in Singapore.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Be aware that HRnetGroup is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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