FLLYR: AWF: AWF RECORDS STRONG FULL YEAR RESULT |
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AWF Group is celebrating a strong lift in revenue and earnings and further |
lifts dividend. |
The Board of AWF Group has advised that turnover lifted by 24% to $130 |
million ($105 million in 2012) and net profit after tax (NPAT) rose to $6.9 |
million up from $2.6 million in 2012. |
After removing the net one off impact of the sale of Panacea Healthcare (as |
advised to shareholders in August 2012). Underlying Earnings were $5.4 |
million ($4.6 million 2012) an increase of 17.5% for the year. |
Chief Executive, Mike Huddleston reported that all sectors of the business |
continued to show strong growth and profitability in an economy receptive to |
the provision of quality temporary staff. |
"Throughout the entire year all divisions of the business continued to |
experience solid growth in an increasingly positive employment market. Whilst |
the predominantly rural regions of the country have shown slower growth due |
undoubtedly to the drought conditions, Wellington has witnessed a degree of |
recovery and Christchurch and Auckland have shown particular strength from |
growth in construction, infrastructure development and manufacturing" he |
said. |
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For the Board, Chairman Ross Keenan expressed Directors' desire to recognise |
the Group's on-going |
shareholder support by declaring the following dividends: |
A final dividend of 9.2 cps (interim 6.4 cps) to total 15.6cps for the year, |
an increase of 20% |
(previous year 13 cps). |
A one off special dividend of 3 cps reflecting approximately 75% of the cash |
profit on sale of Panacea Healthcare. |
Total dividend for the year to 31/3/13 therefore 18.6 cps (13 cps last year) |
All dividends are fully imputed and the final dividend will be payable on 28 |
June to shareholders on the register as at 21 June 2013. |
For the Board Ross B Keenan Chairman |