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HiTech cranks out another profit despite revenue dip; Outsourcing builds out international staffing

HiTech Group has continued its run of record results, with a 30% year-on-year rise in pre-tax profit during the December half. Meanwhile Outsourcing Inc is expanding its international placement business.

HiTech CEO Elias Hazouri says the company's close relationship with its key clients gave it good visibility of likely future demand and the ability to trim costs accordingly.

He said the company has been deliberately exiting low-margin business over the past few reporting periods to trim costs, while retaining key higher-margin clients...