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Hitech Group Australia Limited ( (AU:HIT) ) has issued an announcement.
HiTech Group Australia Limited reported a strong financial performance for the first half of FY2025, with a 14% increase in net profit before tax and an 8% rise in EBITDA. The company attributes its growth to the robust demand for ICT talent and services, supported by its strategic positioning and strong financial standing. HiTech’s inclusion on key Federal Government supplier panels and its efficient operations with leading margins and zero debt place it well for continued growth, including regional expansion and targeted acquisitions.
More about Hitech Group Australia Limited
HiTech Group Australia Limited operates in the recruitment and consulting industry, focusing on providing ICT talent and services. The company is strategically positioned to meet the growing demand for skilled ICT professionals, particularly in response to government mandates and technological needs.
YTD Price Performance: 1.33%
Average Trading Volume: 8,652
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$80.58M
Learn more about HIT stock on TipRanks’ Stock Analysis page.
