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hitech group australia ltd (HIT) Snapshot

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52 Week High
02/24/14 - A$0.08
52 Week Low
12/23/14 - A$0.04
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Average Volume 10 Days
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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 and 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$320.1K
Chief Financial Officer
Total Annual Compensation: A$66.0K
Chief Operating Officer
Total Annual Compensation: A$11.3K
Chief Information Officer, General Manager an...
Total Annual Compensation: A$273.6K
Compensation as of Fiscal Year 2014.

hitech group australia ltd (HIT) Key Developments

HiTech Group Australia Ltd. Reports Earnings Results for the First Quarter of Fiscal Year 2015; Provides Earnings Guidance for the Full Fiscal Year 2015

HiTech Group Australia Ltd. reported earnings results for the first quarter of fiscal year 2015. For the first quarter, gross profit increased by 133% to $519,705 compared to $222,605 for the fiscal year 2014, operating profit after tax increased to $187,966 compared to operating loss after tax of $30,202 for the fiscal year 2014. NLAT is $43,914 compared to NPAT of $18,902 a year ago. The lower NPAT was mainly due to theoretical accounting of unrealized (not actual) losses from listed investments in the stock market - which have fluctuated between profit and loss according to the state of the market at the time. Operating revenue increased substantially by 149%, mainly due to an increase in contracting revenue. Permanent placement revenue has decreased by 45%. Based on internal management accounts for the first quarter of 2015, assuming similar market conditions and a recovery in its listed investments in the Australian stock market, the group's expected revenue, gross profit and operating profit for the full financial year will be significantly higher.

HiTech Group Australia Ltd. Reports Consolidated Earnings Results for the Full Year Ended June 30, 2014

HiTech Group Australia Ltd. reported consolidated earnings results for the full year ended June 30, 2014. For the period, the company reported services revenue was AUD 7,975,179, loss before income tax was AUD 188,603, net loss attributable to members of the parent entity was AUD 150,658 or 0.49 cents per basic and diluted share against services revenue was AUD 7,309,770, loss before income tax was AUD 249,687, net profit attributable to members of the parent entity was AUD 164,504 or 0.53 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 19,503 compared to net cash provided by operating activities was AUD 884,433 a year ago. Payment of property, plant and equipment was AUD 13,920 compared to AUD 1,433 a year ago.

HiTech Group Australia Ltd., Annual General Meeting, Nov 07, 2014

HiTech Group Australia Ltd., Annual General Meeting, Nov 07, 2014., at 16:00 AUS Eastern Standard Time. Location: Level 7, 9 Young Street. Agenda: To consider financial statements and reports; to consider re-election of director George Shad; and to consider remuneration report.


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