Allied Work Force (AWF) has reported a first half net profit of $1.74 million, a 204% improvement compared with the previous corresponding period.AWF, a specialist provider of temporary staff to industry, commerce and the healthcare sector, said the resul
Allied Work Force (AWF) has reported a first half net profit of
$1.74 million, a 204% improvement compared with the previous corresponding period.
AWF, a specialist provider of temporary staff to industry, commerce and the healthcare sector, said the result was on the back of a 28% increase in sales to $40.7 million.
The company raised its interim dividend to 3.8c a share, compared with 1.5c for the same period last year. AWF expects to report a strong second half.
The company said its recent purchase of Panacea Healthcare has gone unconditional and, on current revenues, will be immediately earnings accretive for the group.
Panacea provides ACC-funded home and community support services certified care for the disabled and elderly and companionship and nursing services in the Auckland and Central North Island.
AWF’s move into the healthcare sector comes after research into potential growth areas for the company.
The company’s share price last traded at $1.05, unchanged from Monday’s close.
