HUMAN’s 1Q20 Profit Jumps 42% from the Consolidation of TigerSoft’s Result

Humanica Public Company Limited (HUMAN) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

HUMAN reported a net profit of 49.20 million baht in 1Q20, increased 41.97% when compared to a net profit of 34.66 million baht in 1Q19 mainly due to the result of TigerSoft, an increase in revenue and other income but partially offset by higher cost of services and SG&A. Overall, the net profit margin improved from 26.1% in 1Q19 to 27.4%.

 

Revenue from HR Solutions closed at 151.81 million baht, increasing by 43.22 million baht or 39.8%. This increase is mainly due to consolidation of TigerSoft’s result, as well as, organic growth of existing business in HR technology and services in Thailand.

 

While the revenue from Financial Solutions contributed 21.83 million baht, slightly increasing by 1.31 million baht or 6.4%. Business in the ERP segment remains soft due to the weaker market outlook.