AWF Madison says first-half profit will fall on weakening labour hire

Jonathan Underhill
Fri, 15 Sep 2017

By Jonathan Underhill Sept. 15 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, said profit in the first half ending Sept. 30 would fall after labour hiring weakened in the second quarter. The Auckland-based company reported a profit of $3.9 million in the first half of its 2017 year, contributing to a 13 percent increase in full-year profit and today chief executive Simon Bennett said: "We still anticipate a good year end result." But profit as at Sept. 30 would be behind the previous year. "Volumes are...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Budget 2022

Budget 2022: top five announcements for New Zealanders

Pattrick Smellie | Thu, 19 May 2022

Here are the top five things that the public can expect following today's Budget.

Budget 2022

Budget 2022: top five announcements for business

Pattrick Smellie | Thu, 19 May 2022

What business can look for.

Opinion

A traditional budget for difficult times

Pattrick Smellie | Thu, 19 May 2022

The government didn't need to produce an election winner this year.

Partner content

What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content

Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

AWF Madison says first-half profit will fall on weakening labour hire

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team