YY Group Holding Ltd (OQ:YYGH)
Business Focus: Employment Services
| Sector: Industrials | Industry: Employment Services |
| Company Contact | |
| Address: | 60 Paya Lebar Road #05-43 Paya Lebar Sq 409051 |
| Tel: | N/A |
| Website: | https://yygroupholding.com |
| IR: | See website |
| Key People | ||
| Xiaowei Fu Executive Chairman of the Board, Chief Executive Officer | Zhi Yong Phua Chief Financial Officer | Lin Pu Xu Chief Human Resource Officer |
| Sin Ken Teng Chief Information Officer | Fan Zhang Executive Director, Business Development Director | |
| Business Overview |
| YY Group Holding Limited is a Singapore-based data and technology driven company. The Company is focused on developing enterprise intelligent labor matching services and smart cleaning services founded in Singapore. Through its subsidiaries, it provides enterprise manpower outsourcing and smart cleaning services in Singapore and Malaysia. Its segments include Cleaning service and Manpower outsourcing services. Cleaning service segment acts as contractor to provide long-term cleaning service to the client, the cleaning services are mainly provided to the hotels and shopping mall, including the areas of toilet, common area, bin center, and elevator. Manpower outsourcing services segment provides casual workers by comprehensively understanding the corporate customers' requirements and matching their requirements with qualified casual workers from various kinds of work including, but not limited to, food and beverage crews, kitchen helper, and retail assistant. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, YY Group Holding Ltd revenues increased 59% to $31.8M. Net income increased 12% to $852K. Revenues reflect Manpower segment increase of 94% to $13.2M, Cleaning segment increase of 40% to $18.6M. Net income was partially offset by General and administrative expenses increase of 32% to $3.8M (expense), Other income decrease of 6% to $1.8M (income). |
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