1H 2023 RESULTS ANNOUNCEMENT
10 AUGUST 2023
DISCLAIMER
This presentation is based on the information we obtained or on the certain assumptions that we understand to be reasonable. However, this is not for the Company to represent or imply and guarantee to the accuracy of completeness of the contents. Further, statement in this presentation may contain forward- looking information that could be impacted by various risks and uncertainties, and that may significantly affect expected results. Therefore, it is to be noted not to entirely rely on forward-looking information.
It should also be noted that this presentation or any statement herein is not allowed to make copy or transfer without our written consent in prior.
FINANCIAL HIGHLIGHTS
By JENNIFER KANG
Executive Director & Group CFO
Robust & Resilient
1H 2023
Results & Position
in a challenging
market
- Challenging markets with global recruitment sector reporting significant declines in revenues & profits across the world
- HRnetGroup's shift in revenue & gross profit favors Flexible Staffing that has greater visibility
- Co-ownershipworks well in challenging times - people & leaders aligned with shareholders
- Cost management through productivity KPI & auto- adjusting Profit-Sharing-Incentive mechanism
- Strong cash brought high level of interest income; Zero bank borrowings sheltered from high interest rates
- Dividends maintained & Share Buyback to continue
3
1H 2023 HAPPY SHAREHOLDER RETURNS
$
$
$
DIVIDENDS DECLARED
SHARE BUYBACK PROGRAM
S$'m | |
Share Buyback Programme | 30.0 |
2022 | (10.1) |
2023 up to 7.7.2023 | (3.3) |
Balance for further buyback | 16.6 |
CASH TO SHAREHOLDERS
S$'m | S$'m | |||
Total Cash out | 21.6 | > FCF | 19.9 | |
-Dividend Payout | 18.5 | |||
-Share Buyback | 3.1 | 4 | ||
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HRnetGroup Ltd. published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 03:03:01 UTC.