KEY POINTS:
Casual labour company Allied Work Force reported a 10.6 per cent increase in annual net profit to $1.89 million.
Chairman Ross Keenan said momentum established at the end of the previous financial year had not continued at expected levels, as shown by overall slower sales growth for the second half of the year.
Growth had been achieved largely through regional New Zealand, validating the company's branch structure, he said.
For the year to the end of March, revenue from ordinary activities rose 4.6 per cent from a year earlier to $85.7m.
Trading in the 2008/09 year had started steadily, with the target for the year being for modest growth.
A final, fully imputed dividend of 3 cents per share is to be paid, taking the total dividend for the full year to 5.8 cps, compared with 5.5 cps the previous year.
Allied Work Force shares closed yesterday at 65c, down from $1.31 a year ago.
- NZPA
