HRnetGroup reports 5.9% earnings dip

Revenue for FY2023 experienced a 5.4% year-on-year decline.

Recruitment firm HRnetGroup reported earnings of $63.6m for the fiscal year ending 31 December 2023 (FY2023), marking a 5.9% decrease compared to the previous financial year.

Revenue for FY2023 experienced a 5.4% year-on-year decline, totaling $578.5m.

The directors proposed a dividend of $0.0213 per ordinary share.

"Whilst evergreen sectors like healthcare & life science and IT and technology will continue to be strong for our business, semiconductor is expected to gain traction across the region as various economies looking to diversify supply chain risk and ramp up efforts to advance and ride on the wave of artificial intelligence technologies," HRnetGroup said.