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.
See also: Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
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.
See also: LHN Limited earnings at $20 mil for FY2025, down 57.6% y-o-y from net fair value losses
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.
