Taiwanese job site operator 104 Corporation (TSE: 3130) saw operating income grow by almost 6% in the fourth quarter of 2019, which ended Dec. 31. The company attributed this growth to a double-digit increase in revenue from its executive search business and stable performance in its job bank segment.
The Taipei-based company saw operating income increase 5.6% year-on-year to NT$64 million ($2.1 million U.S.). Operating revenue was up 5.7% to NT$403 million.
“The company continued managing operating expenses,” 104 Corp. said in a news release. “As a result, the operating income in the fourth quarter of 2019 also increased comparing to the corresponding period in the preceding year.”
Full-year operating revenue amounted to NT$1.64 billion, up 3.73%, while annual operating income fell by 0.24% to NT$322 million. Pre-tax income decreased 4.38% to NT$337 million.
104 Corp. has operated in Taiwan since 1996 and runs a host of job sites, including job bank 104.com.tw, freelance site Case.104.com.tw and Hunter.104.com.tw, a job search engine for executives. The company expanded into China in 2007 with job site 104China.com.