17 May 2022 15:25

HeadHunter boosts stake in Dream Job to 46.7%, writes off almost 0.5 bln rubles over Zarplata.ru goodwill impairment

MOSCOW. May 17 (Interfax) - HeadHunter has increased its stake in the Dream Job employer review platform to 46.66% from 25%, the recruiting service said in a financial statement.

The transaction took place on April 28, with HeadHunter contributing an additional 100 million rubles in Dream Job's charter capital.

HeadHunter acquired 25% of Dream Job LLC in April 2021 for 60 million rubles. The company develops a platform for employee reviews of companies which has 343,700 reviews on 30,200 companies.

According to the SPARK-Interfax analytical system, Dream Job's revenue totaled 1.7 million rubles in 2021, and losses amounted to 15.5 million rubles.

HeadHunter also wrote off 493 million rubles due to goodwill impairment of Zarplata.ru based on an impairment test of goodwill that the company carried out amid growth in market interest rates caused by the geopolitical situation, it said.

HeadHunter consolidated 100% of Zarplata.ru LLC in 2020. It manages job search and employee search platform Zarplata.ru.

Zarplata.ru's revenue in 2021 totaled 956.8 million rubles, and its net profit was 160.6 million rubles.