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Johannesburg - Recruitment agency Kelly Group [JSE:KEL] on Tuesday announced fully diluted headline earnings per share of 13.3 cents for the year ended September, from 28.2c previously.
It noted a fully diluted loss per share of 23c, from fully diluted earnings per share of 28.2c in 2010.
Revenue dropped to R1.99bn from R2.04bn, with an operating profit of R15.6m down 52% from R32m earlier.
"2011 turned out to be another challenging year for the staffing industry and the Kelly Group. Notwithstanding the difficult conditions and significant internal changes required to position the group going forward, the group's substantial revenue base remains intact totalling close to R2bn for the year," it said.
No dividend declaration was proposed based on the decline in profitability and the need to fund future growth, Kelly said.
It noted a fully diluted loss per share of 23c, from fully diluted earnings per share of 28.2c in 2010.
Revenue dropped to R1.99bn from R2.04bn, with an operating profit of R15.6m down 52% from R32m earlier.
"2011 turned out to be another challenging year for the staffing industry and the Kelly Group. Notwithstanding the difficult conditions and significant internal changes required to position the group going forward, the group's substantial revenue base remains intact totalling close to R2bn for the year," it said.
No dividend declaration was proposed based on the decline in profitability and the need to fund future growth, Kelly said.
