AWF Madison first-half profit falls 13% on weaker demand for construction workers

Wed, 25 Oct 2017

By Jonathan Underhill Oct. 26 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, said first-half profit fell 13 percent after what it said were "difficult winter conditions in the construction market". Profit fell to $3.4 million in the six months ended Sept. 30 from $3.9 million a year earlier, the Auckland-based company said in a statement. Sales rose 20 percent to $143 million. AWF flagged a weaker first half last month, when it cited a decline in construction activity and said "the wet winter has reduce...

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