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Defence loss hits ManpowerGroup revenue, but profit rises

The loss of the Defence RPO contract hit ManpowerGroup Australia's revenue in the September quarter, with turnover down 34% year-on-year in the period.

"The decline in revenue versus prior year was expected and reflects the successful transition," local MD Penny O'Reilly tells Shortlist.

While revenue was down, Australian operating profit grew by 63.7% year-on-year in the quarter, and O'Reilly says this was the result of a "laser focus" on operational efficiency and strategy in specialisation, diversification, and digitisation...