Subscribe to industry newsletters

BizTrends 2018

Advertise on Bizcommunity

Kelly Group's 25.8c loss per share for the year

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.


I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to:

Read more: Kelly Group, slowdown