HiTech Group Australia Limited reported consolidated earnings results for the first half year ended December 31, 2017. For the period, revenue increased by 19% to AUD 13,282,901 compared to AUD 11,147,423 a year ago. Underlying EDITDA increased by 29% to AUD 1,599,606 compared to AUD 1,241,978 a year ago. Underlying EBIT increased by 23% to AUD 1,516,411 compared to AUD 1,228,860 a year ago. Underlying NPAT increased by 27% to AUD 1,069,201 compared to AUD 842,459 a year ago. Net tangible assets were AUD 0.20 per share. Sales revenue was AUD 12,894,688 against AUD 10,990,856 reported last year. Profit before income tax was AUD 1,532,003 against AUD 1,321,065 reported last year. Net profit attributable to members of the parent entity was AUD 1,069,201 or 3.04 cents per diluted share against AUD 925,084 or 2.98 cents per diluted share reported last year. Net cash provided by operating activities was AUD 1,904,903 against AUD 698,018 reported last year. Purchase of plant & equipment, motor vehicle was AUD 68,253 against AUD 86,424 reported last year.

The company provided earnings guidance for the full fiscal year 2018. The outlook for the full fiscal year 2018 is positive with significantly increased revenue and profit results expected, commensurate with the first half results, depending, primarily, on the prevailing economic conditions continuing during that time. Its significant, but steady, growth is expected to continue in the second half and beyond.