For the year ended 31 March 2020, AWF Madison (NZX: AWF) reported profit after tax of $2.7 million, up from $2.0 million a year ago. EBITDA recovered strongly in FY2020, to $12.4 million, from $7.6 million in FY2019; however, it was slightly below the guidance provided in October 2019.
- The company’s revenue stood at $264 million, down by 1.6%. This decline was driven by AWF segment, where revenue decreased by 16% to $97.4 million;
- AWF has decided not to pay any final dividend this year due to economic uncertainty.