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

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...

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