AWF annual profit drops 14% on construction recruiting weakness, white-collar work booms

Sophie Boot
Mon, 28 May 2018

By Sophie Boot May 29 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, reported a 14 percent fall in annual profit, even as revenue rose as its white-collar recruiting business countered weakness from construction recruitment. Profit dropped to $5 million in the year ended March 31, from $5.9 million a year earlier, as revenue rose 9 percent to $279.3 million. Employee expenses rose 10 percent in the year to $253.2 million and other operating expenses lifted 12.8 percent to $12.4 million, cutting into profit...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.