HiTech Group Reports a Decade of Rising Profits

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

HiTech Group Australia Limited has reported its 10th consecutive year of profit growth, despite a 14.5% fall in operating revenue to $63.6 million. The company’s net profit after tax (NPAT) grew by 10.9% to $6 million, while EBITDA increased by 16.6%. HiTech attributes its strong performance to continuous demand for ICT professionals and services, particularly from key federal government projects.

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