AWF Madison lifts 1H profit, expects further growth in tight labour market

Thu, 27 Oct 2016

By Sophie Boot Oct. 28 (BusinessDesk) - AWF Madison Group, the country's largest contract labour company, lifted first-half profit 15 percent, which it said reflected improved productivity that has continued into the second half. Net profit rose to $3.9 million in the six months ended Sept. 30, from $3.4 million a year earlier, while revenue rose 13 percent to $119.3 million, the company said in a statement. AWF is recovering from a drop in profit in 2016 when it faced $1.3 million of restructuring costs related to winding down its Cr...

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