AWF warns 2018 profit will drop on softer construction hiring

Wed, 28 Feb 2018

By Sophie Boot March 1 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, said it expects profit to fall in the current financial year due to ongoing softness in labour hiring and delays from its migrant construction workforce. Prior to its first-half results released in October, the company flagged a weaker interim result on the back of a decline in construction activity and wet weather reducing chargeable hours, but said it was confident of delivering a good financial performance for the year to March 31. T...

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