Allied Work Force sales up, profits down
Chairman blames profit dip on business slowdown due to Rugby World Cup.
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Labour provider Allied Work Force Group (AWF) has posted increased sales numbers but a flat profit, for the six months to September 31.
In a statement to the NZX, AWF said sales figures rose 35% to $54.5 million in the period, putting the company on track to crack $100 million in annual sales for the first time.
EBITA increased 31% to $3.56 million, but net profit after tax dipped slightly from $1.74 million to $1.73 million.
AWF chairman Ross Keenan put the profit dip down to a business slowdown brought on by the Rugby World Cup.
AWF shares opened 6.22% up in trading after the announcement this morning to sit at $2.05.
Matt Nippert
Mon, 31 Oct 2011
Mon, 31 Oct 2011
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Allied Work Force sales up, profits down
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