HRNETGROUP LIMITED Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 12, 2023
🌧️Earnings Overview
HRNETGROUP LIMITED ($SGX:CHZ) reported their quarterly earnings results for the period ending June 30 2023, with total revenue at SGD 294.8 million, a 6.2% decrease from the same quarter in the prior year. Net income for the quarter was SGD 28.3 million, a 18.3% decrease from the previous year.
Market Price
On June 30 2023, HRNETGROUP LIMITED reported their second quarter earnings results for fiscal year 2023. The company’s stock opened at SG$0.7 and closed at SG$0.7 on Thursday, indicating a 0.7% decrease from the previous closing price of 0.7. Overall, HRNETGROUP LIMITED’s second-quarter performance was positive, despite the marginal decrease in share price. Moving forward, the company plans to continue to increase their market share and further expand their operations to capture more customers and drive higher revenues. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hrnetgroup Limited. More…
| Total Revenues | Net Income | Net Margin |
| 592.37 | 61.22 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hrnetgroup Limited. More…
| Operations | Investing | Financing |
| 62.12 | -45.67 | -63.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hrnetgroup Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 471.63 | 90.25 | 0.37 |
Key Ratios Snapshot
Some of the financial key ratios for Hrnetgroup Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 9.1% | 13.0% |
| FCF Margin | ROE | ROA |
| 10.2% | 13.2% | 10.2% |
Analysis
At GoodWhale, we have conducted a thorough analysis of the wellbeing of HRNETGROUP LIMITED. Our Risk Rating indicates that HRNETGROUP LIMITED is a low risk investment in terms of both financial and business aspects. However, while our analysis has revealed a generally healthy risk profile, we have detected one risk warning in the income sheet. To gain further insight into this warning, we recommend registering as a user with GoodWhale and conducting a more detailed analysis. More…
Peers
It has a strong presence in multiple countries and is highly respected in the industry. It has many competitors, including Caldwell Partners International Inc, SingAsia Holdings Ltd, and Empresaria Group PLC which all provide services in the same area. Each of these companies has a unique set of offerings and strategies for providing the best HR solutions to their clients.
– Caldwell Partners International Inc ($TSX:CWL)
Caldwell Partners International Inc is a leading executive search and strategic consulting firm, providing services to a wide range of industries, including financial services, technology, and life sciences. The company has a market cap of 38.82M as of 2023 and a Return on Equity (ROE) of 18.97%. Its market cap indicates that the company is worth a significant amount and its ROE reveals that it has been able to generate a healthy amount of profits from its investments in the past year. Caldewll Partners has been able to capitalize on its expertise in executive search and strategic consulting to become one of the top firms in its sector.
– SingAsia Holdings Ltd ($SEHK:08293)
SingAsia Holdings Ltd is an entertainment and media company based in Singapore. The company is engaged in the production and distribution of content for television, radio, film and digital platforms. As of 2023, SingAsia Holdings Ltd has a market cap of 61.2M, indicating its current size and value on the stock market. The Return on Equity (ROE) of the company is -23.78%, which indicates that the company is not generating profits from the shareholders’ equity. This implies that the company’s investments are not being managed efficiently.
– Empresaria Group PLC ($LSE:EMR)
Empresaria Group PLC is a global staffing and talent management business providing a range of services across a wide range of sectors and geographies. The company has achieved a market capitalization of 27.67M in 2023, which reflects the confidence investors have placed in the company’s operations and its ability to create value for shareholders. In addition, Empresaria Group PLC has achieved an impressive Return on Equity (ROE) of 13.01%, representing a strong performance from an operational perspective, as well as a strong management team.
Summary
Investing in HRNETGROUP LIMITED can be a risky proposition, as the company reported decreased revenue and net income for the second quarter of FY2023. Total revenue for the quarter was SGD 294.8 million, a decrease of 6.2% compared to the same quarter the previous year. Further, net income decreased by 18.3%, amounting to SGD 28.3 million.
Investors should consider these results carefully when deciding whether to invest in the company, as these numbers indicate that there may be risk involved. Long-term investors may choose to hold onto their investments if they believe that the company will improve in the future.
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