Peoplein Limited Reports Revenue Decline and Loss in H1 FY2025

Peoplein Limited ( (AU:PPE) ) has issued an update.

Peoplein Limited reported a 5.01% decline in revenues for the first half of fiscal year 2025, totaling $572.6 million, attributable to decreased billing hours amidst declining economic activity and reduced business confidence. Despite improved client mix and billing rates, profit after tax fell by 173.79% to a loss of $3.9 million, influenced by changes in contingent consideration and non-recurring IT costs. No new entities joined or left the group, and the directors did not recommend an interim dividend.

More about Peoplein Limited

Peoplein Limited operates within the workforce management industry, primarily focusing on providing staffing and recruitment services to various sectors. The company caters to diverse market needs by offering tailored workforce solutions, enhancing client operations through efficient staffing and recruitment strategies.

YTD Price Performance: -12.76%

Average Trading Volume: 166,463

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$90.14M

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