Allied Work Force Group lifted first half revenue 28 percent above year ago levels to $40.7 million, as employers continued to opt for temporary labour.For the six months to the end of September the company reported net profit of $1.7m, compared to $573,0
Allied Work Force Group lifted first half revenue 28 percent above year ago levels to $40.7 million, as employers continued to opt for temporary labour.
For the six months to the end of September the company reported net profit of $1.7m, compared to $573,000 a year earlier.
Allied said that for itself, it had seen a return to pre-recessionary growth levels a year ago, and by April was not surprised to see employers opting for temporary labour while waiting for certainty in their markets.
"This trend had not changed by the end of the first half. There is a growing trend of converting temporary staff to permanents, followed by a new force of temps but there are no significant signs of employers returning to the employment market on their own," Allied said.
It expected the first half's solid performance to continue for the rest of the financial year.
In the Auckland region, Allied said it had benefited from its positioning in recent years in the manufacturing, food processing and logistics sectors, while the core construction and civil business in the region was weak with few projects on the go.
The company said growth in Auckland had been led by success in winning significant national accounts which, while producing lower margins, provided more consistency across seasons and greater growth opportunities.
In the central region from Hamilton to Wellington, greatest gains had come from horticulture, seafood processing, packaged food processing and engineering, while construction and civil work remained important.
Some large projects had continued throughout the first half for the construction-related sector in the Wellington region, but there was little sign of anything new on the horizon.
While the top of the South Island had been quite buoyant, the same could not be said for Christchurch, Dunedin or Southland. A second half resurgence was under way due to earthquake repair projects in Christchurch.
