HiTech Group Reports Decade of Growth Despite Revenue Dip

Hitech Group Australia Limited (AU:HIT) has released an update.

HiTech Group Australia Limited has announced a mixed financial performance for FY24, with operating revenue down by 14.5%, but gross profit and NPAT up by 16.5% and 10.9%, respectively, marking the 10th consecutive year of profit growth. The company credits its success to the consistent demand for ICT professionals and services, particularly from federal government projects, and remains optimistic about its adaptable business model amid economic challenges. A dividend of 5 cents per share has been declared, payable in September 2024.

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