Wednesday, 24 August 2005 05:00

Candle announces record 2005 results - still majority ICT recruiter


Candle Australia Limited (ASX:CND), which now describes itself as a "white collar" recruiter reported strong results for the year ended June 2005.

The results include 57% growth in net profit to $7.15 million and a 29% increase in revenues to $231.9 million.

"These record financial achievements demonstrate Candle Australia's focus on the business fundamentals across the group. We are very pleased with a 57% lift in profits which comes after a solid 29% profit growth last year. All of the company's business lines performed well and on a combined basis showed solid margin growth," said managing director Robert Collins.

While Candle has long been considered a specialist ICT recruiter, the company has in the past two years made major moves to diversify into other high value areas such as executive search and finance and accounting. However, 60% of Candle's business still comes from its technology recruitment business.

"Candle remains a leader in the ICT recruitment market," Collins said. "We can no longer be considered solely as an ICT recruitment business. While we will remain focused and strong in ICT recruitment, we now have substantial income flows from areas outside of this sector. At the gross margin level, around 40% of our income comes from our businesses outside of ICT. While remaining strong in the ICT market, which is showing marked signs of improvement, we have reduced risk by creating a better business mix," Collins added.

Subscribe to Newsletter here

WEBINAR 12 AUGUST - Why is Cyber Security PR different?

This webinar is an introduction for cyber security companies and communication professionals on the nuances of cyber security public relations in the Asia Pacific.

Join Code Red Security PR Network for a virtual conversation with leading cyber security and ICT journalists, Victor Ng and Stuart Corner, on PR best practices and key success factors for effective communication in the Asian Pacific cyber security market.

You will also hear a success story testimonial from Claroty and what Code Red Security PR has achieved for the brand.

Please register here by 11 August 2020 and a confirmation email, along with instructions on how to join the webinar will be sent to you after registration.

Aug 12, 2020 01:00 PM in Canberra, Melbourne, Sydney. We look forward to seeing you there!



It's all about Webinars.

These days our customers Advertising & Marketing campaigns are mainly focussed on Webinars.

If you wish to promote a Webinar we recommend at least a 2 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site and prominent Newsletter promotion and Promotional News & Editorial.

For covid-19 assistance we have extended terms, a Webinar Business Booster Pack and other supportive programs.

We look forward to discussing your campaign goals with you. Please click the button below.


Stan Beer


Stan Beer co-founded iTWire in 2005. With 30 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.





Guest Opinion

Guest Interviews

Guest Reviews

Guest Research & Case Studies

Channel News