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HiTech Group Australia Reports Strong Half-Year Financial Performance
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HiTech Group Australia Reports Strong Half-Year Financial Performance

Story Highlights
  • HiTech Group Australia Limited achieved a 2% revenue increase, reaching $34.78 million.
  • Net profit rose 29% to $3.44 million, with a steady interim dividend of 5 cents per share.
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An announcement from Hitech Group Australia Limited ( (AU:HIT) ) is now available.

HiTech Group Australia Limited reported a 2% increase in revenues to $34,783,470 for the half-year ending December 31, 2024, alongside a significant 29% rise in net profit after tax attributable to members, totaling $3,441,827. The company announced an interim dividend of 5 cents per share, fully franked, maintaining the same rate as the previous period, reflecting its stable financial performance and commitment to shareholder returns.

More about Hitech Group Australia Limited

HiTech Group Australia Limited operates within the professional services industry, focusing on providing specialist recruitment and consulting services. The company is known for its expertise in sourcing and managing skilled professionals, catering to the demands of various market sectors.

YTD Price Performance: 1.33%

Average Trading Volume: 8,652

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$80.58M

For an in-depth examination of HIT stock, go to TipRanks’ Stock Analysis page.

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