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hitech group australia ltd (HIT) Snapshot

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52 Week High
10/16/13 - A$0.09
52 Week Low
08/30/13 - A$0.06
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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hitech group australia ltd (HIT) Details

HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in government and private sectors in Australia. Its permanent recruitment services comprise the search and selection of candidates for full time employment; and ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects in system development, infrastructure support and networking, operation, and other skill sets. The company is also involved in other areas of recruitment, such as administration and office support, sales, marketing, accounting, healthcare, finance, and legal markets. It serves technology companies, banking/financial services companies, and Federal Government departments and agencies. The company was founded in 1993 and is based in Sydney, Australia.

Founded in 1993

hitech group australia ltd (HIT) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: A$336.3K
Chief Financial Officer
Total Annual Compensation: A$66.0K
Chief Operating Officer
Total Annual Compensation: A$219.2K
Chief Information Officer, General Manager an...
Total Annual Compensation: A$259.5K
Compensation as of Fiscal Year 2013.

hitech group australia ltd (HIT) Key Developments

HiTech Group Australia Ltd. Reports Consolidated Earnings Results for the Half Year Ended December 31, 2013

HiTech Group Australia Ltd. reported consolidated earnings results for the half year ended December 31, 2013. For the period, the company reported sales revenue of AUD 3,178,612 compared with AUD 4,190,021 for the same period last year. Profit before income tax was AUD 74,156 compared with AUD 194,400 for the same period last year. Net profit attributable to members of the parent entity was AUD 59,612 or 0.18 cents diluted per share compared with AUD 138,335 or 0.44 cents diluted per share for the same period last year. Net cash used in operating activities was AUD 510,629 compared with net cash provided in operating activities of AUD 573,972 for the same period last year. The lower NPAT was principally due to the decrease in permanent placement income. The lower NPAT was principally due to a decrease in permanent placement revenue in the current challenging market.

HiTech Group Australia Ltd. Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2013

HiTech Group Australia Ltd. announced audited consolidated earnings results for the year ended June 30, 2013. For the year, the company reported profit before income tax from continuing operations of AUD 249,687 against AUD 571,198 a year ago. Profit attributable to members of the parent entity was AUD 164,504 or 0.53 cents per basic and diluted share against AUD 556,699 or 1.80 cents per basic and diluted share a year ago. Net cash provided by operating activities was AUD 884,433 against AUD 769,833 a year ago. Payment for property, plant and equipment was AUD 1,433 against AUD 5,956 a year ago. For the financial year ended 30 June, 2013, the consolidated entity's operating revenue is AUD 7,366,800, a decrease of 23.52% over AUD 9,583,560 for the previous corresponding period. The permanent placement revenue was 7.23% lower and contracting revenue was 24.83% lower over previous corresponding period. Decreased profitability was due to a reduction in contracting and permanent placement income.

HiTech Group Australia Ltd., Annual General Meeting, Oct 18, 2013

HiTech Group Australia Ltd., Annual General Meeting, Oct 18, 2013., at 16:00 AUS Eastern Standard Time. Location: Level 7, 9 Young Street. Agenda: To receive and consider the annual financial report, director's report and the auditor's report of the company for the year ended 30 June 2013; to consider remuneration report; and to consider appointment of an auditor.


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Price/Book 0.7x
Price/Cash Flow 26.4x
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