AWF Madison reports 60% drop in full year net profit

Wed, 29 May 2019

By Rebecca Howard May 30 (BusinessDesk) - AWF Madison Group reported a 60 percent drop in net profit because of the impact of tough times in the construction sector on its blue-collar division and as regulatory issues stopped it from redeploying migrant workers to cities and regions where they were needed. The labour-hire firm said net profit was $2 million in the year to March 31 while total revenue was down 4.1 percent to $268 million. In the blue-collar AWF division revenue fell 10.8 percent to $115.8 million. Its profit contributi...

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