HiTech Group Australia Ltd. reported unaudited consolidated earnings results for the first half year ended December 31, 2012. For the period, the company reported revenue of AUD 4,216,643, a decrease of 7% to the previous corresponding period. Net profit after tax was AUD 138,335 compared with AUD 209,328 for the pcp.

The lower NPAT was principally due to a decrease in permanent placement revenue in the current tough job market. Profit before income tax was AUD 194,400 against AUD 309,259 a year ago. Net profit attributable to members of the parent entity was AUD 138,335 against AUD 209,428 a year ago.

Earnings per diluted share were 0.44 cents against 0.68 cents a year ago. Net cash provided by operating activities AUD 573,972 against AUD 681,519 a year ago. Purchase of plant and equipment was AUD 1,433 against AUD 2,078 a year ago.