Staffing and maintenance services company Programmed Maintenance Services
(ASX:PRG) has reported a 7% drop in profit for the year.
Net profit after tax for the 12 months to March 31, 2010 came to $26.2 million, down from $28.1 million the year before.
Looking ahead Programmed Maintenance Services says conditions within the property and infrastructure segment remain tight.
However, conditions within the resources and industrial segment are improving with an expansion of offshore oil and gas opportunities forecast in the second half of fiscal 2011.
A general but slow recovery is also occurring within the workforce segment with leading indicators pointing to increased casual labour demand.
The company declared a final dividend of six cents a share, taking the total for the year to nine cents.
For the year to March 30, 2009 Programmed Maintenance Services paid shareholders a total 14.5 cents a share in dividends.
