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Tight cost control boosts CGH Group profit

Tight cost control at diversified recruitment and on-hire business CGH Group has nearly tripled the company's after-tax profit during FY22, despite a slight dip in revenue.

CGH, which includes brands such as Beilby, Rimfire, Corestaff, Downing Teal and GOAL Indigenous services, saw total revenue dip slightly to $255 million, but lower costs saw gross profit rise 25% to $37 million.

Profit before tax jumped sharply to $13.2m, up from $4.6m the previous year...