Taiwan – 104 Corp fourth-quarter revenue and profits rise – Staffing Industry Analysts

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22 January 2021

Job board 104 Corp (3130: TAI) reported operating revenue last week of TWD 413.6 million (USD 14.7 million) for the fourth quarter ended 31 December 2020, an increase of 2.6% when compared to the previous year.

The operating income and pre-tax income were TWD 67.3 million (USD 2.4 million) and TWD 69.7 million (USD 2.5 million), increased by 6.0% and 3.4% on a year-over-year basis, respectively.

(TWD millions) Q4 2020 Q4 2019 Change Q4 2020 (USD millions)
Operating revenue 413.6 403.0 2.6% 14.7
Operating income 67.3 63.5 6.0% 2.4
Pre-tax income 69.7 67.4 3.4% 2.5

The group also announced that its total accumulated operating revenue for the full year of 2020 amounted to TWD 1.63 billion (USD 58.2 million), decreasing 0.12% compared to the corresponding period in the preceding year.

The full year operating income and pre-tax income were TWD 287 million (USD 10.2 million) and TWD 303 million (USD 10.8 million), a decrease of 10.7% and 9.9%, on a year-over-year basis, respectively.

104 Corp added that the number of job-posting corporate customers that hit rock bottom in April has increased gradually since then and driven revenue growth. The number of corporate customers in the fourth quarter surpassed the same period last year, resulting in a year-over-year increase in operating income and pre-tax income in the fourth quarter of 2020 compared with the same period.

104 Corporation operates www.104.com.tw, providing online recruitment advertisements, online business advertisements, senior executives hunting services, human resource management software, human resource transfer services, science and technology job bank services, job mapping services, recruitment platform consulting services, education and learning services, as well as tutoring and outsourcing services and other value-added services, amongst other online recruitment services. It operates its business principally in Taiwan.

Taiwan has recorded only seven COVID-19 related deaths since the pandemic began and all falling in the period February to May.

Shares in 104 Corp closed last week at TWD 154.00 (USD 5.50), no change on the day. The company has a market cap of TWD 5.11 billion (USD 182.6 million).

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