HIT 1.17% $1.95 hitech group australia limited

Ann: Profit Guidance-HIT.AX, page-2

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  1. 3,673 Posts.
    lightbulb Created with Sketch. 81
    Extremly positive announcement, I use middle number for annual revenue growth(12.5%), gross profit growth (15%).
    2015 annual revenue $15.1 mil
    2016 will be around $16.99 mil

    2015 gross profit $3.2 mil
    2016 gross profit $3.68 mil

    Assume no share investment loss this year (2015 $0.85 mil loss,$0.64 mil shares value left. 2016H1 remained the same value).

    Expense will be $1.1-$1.2 mil, I use $1.2 mil.
    Then profit before tax will be $2.48 mil, tax 30%,
    Net Profit after tax $1.736 mil.

    HIT cash more than $4 mil no debt, net profit $1.736 mil. Market cap should be more than $20 mil (70c).
 
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