Staffing, maintenance and project services group Programmed Maintenance Services Ltd
(ASX:PRG) has reported a 4.8% fall in profit for the first half but says it is in a strong position to expand its services on offer.
Net profit after tax for the six months to September 30 came to $12 million down from $12.6 million recorded for the same period last year.
Revenue dropped 6.7% to $583 million for the period, compared to $625 million for the first half of fiscal 2009.
Managing Director Chris Sutherland says when you consider the weak economic conditions in comparison to the prior corresponding half year period which was at the peak of the economic cycle, the small business declines of group revenue and profit are a good result.
The company declared an interim dividend of 3 cents a share.
Programmed Maintenance Services 2009 profit remained relatively unchanged from the year before.
