Kelly Group incurred a headline loss of 25.8 cents per share for the year ended September compared with a profit of 13.3 cents per share in the previous year.
Revenue for 2012 was slightly lower than the previous year at R1.97bn (R1.98bn).
"The group managed to make up lost ground and clawed back some of the revenue lost in the first half to end with only a marginal 0.7% decline in consolidated group revenue compared with the previous year," the company said in a statement.
"The improved second half performance showed operational profits of R9.5m for the full year‚ compared with R15.5m in the previous year. Cash generated from operations was R26.8m, higher than the R17.3m in the previous financial year. A net cash balance of R89m was retained at year-end," Kelly said.
Skills training reflected growth of 4% and remains the second largest revenue contributor to the group. The USA subsidiaries continued to make a strong contribution to the group despite the 3% decline in revenue in US dollar terms.
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