KEL
KEL
KEL - Kelly Group Limited - Kelly Interim Results Expected To Show
Considerable Earnings Growth
KELLY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/026249/06)
ISIN: ZAE000093373
Share Code: KEL
KELLY INTERIM RESULTS EXPECTED TO SHOW CONSIDERABLE EARNINGS GROWTH
Johannesburg, 18 April 2007 - Recently listed comprehensive employment
services provider the Kelly Group reported in a trading statement today that
earnings for the six months to March 2007 are likely to show a considerable
increase over the corresponding period in 2006.
Earnings per share (EPS) and headline earnings per share (HEPS) are both
expected to be between 18 and 20 cents per share. (EPS for the six months to
March 2006 was 2.33 cents per share and HEPS was 2.42 cents per share.) After
adjusting for shareholder interest paid during the period, the growth in EPS and
HEPS is expected to be between 40% and 50%.
Earnings before interest, tax and depreciation (EBITDA) are expected to have
increased by between 40% and 50% from the R37 million posted for the previous
year`s corresponding period, while turnover is expected to have risen by 20% to
30% from the March 2006 level of R759 million.
The group`s results for the six months to March are due to be published on or
about 14 May 2007.
For further information call Grenville Wilson, CEO Kelly Group, on 011 722 8009
Issued by du Plessis Associates on behalf of Kelly Group Limited. dPA contact
Helen McKane Tel : +27 11 728 4701, Fax: +27 11 728 2547, Mobile: 082 330 2034
or e-mail: kellygroup@dpapr.com
website : www.kellygroup.co.za
Date: 18/04/2007 12:27:11 Produced by the JSE SENS Department.
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