AWF Madison slows

Weekend Herald - - FRAN O’SULLIVAN -

AWF Madison Group, the coun­try’s big­gest con­tract labour firm, said profit in the first half end­ing Septem­ber 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 2016- 17 year. Chief ex­ec­u­tive Si­mon Ben­nett yes­ter­day said: “We still an­tic­i­pate a good year end re­sult.” But profit as at Septem­ber 30 would be be­hind the pre­vi­ous year. “Vol­umes are down in AWF ow­ing to a num­ber of fac­tors: some lower mar­gin busi­ness has been dis­con­tin­ued . . . at the same time a de­cline in con­struc­tion ac­tiv­ity and the wet win­ter has re­duced charge­able hours from AWF’s con­struc­tion and civil clien­tele . . . Whilst de­mand for trades is strong, this is largely be­ing met by AWF’s mi­grant work­force chan­nel, which has been slower to mo­bilise than planned.”

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