Australia-based staffing firm HiTech Group announced its outlook for FY2024 remains positive and optimistic, depending on the prevailing economic conditions and the demand for ICT human talent from both the government and private sectors.

Based on unaudited internal management accounts for the period up to end of October 2023, the group’s expected profit for the first half of FY2024 is expected to be greater than the prior year period.

HiTech said it remains a strong, profitable, and resilient business, with growing revenue and record profit, a strong balance sheet, solid cash reserves and no debt.

“We are determined to bolster our financial performance and profit results and will continue to do our best to improve growth both organically and via disciplined external acquisitions as appropriate,” the group stated.

In August, the group reported operating revenue rose 17.8% to AUD 74.4 million (USD 49.2 million) in its fiscal year ended 30 June.