HiTech Group Reports Profit Rise Amid Revenue Dip

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

HiTech Group Australia Limited reported a 14.5% decrease in operating revenue to $63,641,159, despite a 10.9% rise in net profit after tax (NPAT) to $6,031,458 for the fiscal year ended June 30, 2024. The company has declared a consistent fully franked dividend of 5 cents per share, underscoring its robust business model and commitment to delivering high-quality ICT services amid strong demand. HiTech is strategically focusing on new business opportunities and cost management to support its profitability goals.

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