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Ashley Services Group reports flat profit despite "strong" revenue growth
Ashley Services Group has reported flat bottom-line growth during FY23, and today has revealed how much it is paying for its most recent acquisitions.
Revenue from its labour hire division increased to $533.2 million, up 22% year-on-year. Its two most recently acquired companies Linc (acquired in July 2022) and Owen Pacific Workforce (acquired in February this year) contributed $14.4m and $25.2m respectively.
Excluding contributions from these acquisitions, revenue was up 13% year-on-year...
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