Stocks to watch: HRnetGroup, GS Holdings, CDW Holding, United Food Holdings

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THE following companies saw new developments that may affect trading of their shares on Tuesday: Read more at The Business Times.

HRnetGroup:

HRnetGroup on Tuesday posted a 11.5 per cent fall in net profit to S$11.5 million for the second quarter, from S$13 million a year ago on the back of lower margins from flexible staffing. Gross profits were slightly lower mainly due to the inclusion of government contracts which carry lower margins, the mainboard-listed recruitment firm said. For the three months ended June 30, earnings per share were lower at 1.14 Singapore cents versus 1.29 Singapore cents a year ago.

of its financial year ended June 30, 2019. CDW said this was mainly due to lower gross profit caused by overall lower utilisation rate and higher material costs for the production of larger LCD backlight units, as well as an increase in share of losses of an associated company. CDW shares last closed unchanged at 18.4 Singapore cents on Thursday.

 

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