Solid year as AWF Madison braces for covid impact

Mon, 08 Jun 2020

Labour hire firm AWF Madison won’t pay a final dividend this year, citing the economic uncertainty created by the covid-19 crisis. New Zealand’s biggest recruitment company today posted a 33 percent jump in net profit from $2 million to $2.7 million for the 12 months to March 31. This was despite a reduction in group revenue to $264 million, a 1.6 percent decrease. However, the board said it would be prudent and not pay a final dividend this year, having paid 8.2 cents per share last July. It paid an 8 cent interim dividend in November...

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