Allied Work Force sales up, profits down
Chairman blames profit dip on business slowdown due to Rugby World Cup.
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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