| Tue 15 Jan 2008, 12:52 | | KEL - Kelly Group Limited - Kelly Group Sees Another High-Growth Year Ahead |
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KEL
KEL
KEL - Kelly Group Limited - Kelly Group Sees Another High-Growth Year Ahead
KELLY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/026249/06)
ISIN: ZAE000093373
Share Code: KEL
("Kelly Group" or "the group")
KELLY GROUP SEES ANOTHER HIGH-GROWTH YEAR AHEAD
Johannesburg, 15 January 2008 - Comprehensive employment and outsourcing
services provider the Kelly Group, which increased its operating profit by 46.7%
to R114.8 million last year, could produce another high-growth performance in
2008 if it makes full use of its opportunities, says chief executive Grenville
Wilson.
In the group`s 2007 annual report, distributed today, Wilson cautions that it
will be a challenge to maintain the past year`s growth rate from the high base
established by its flagship Kelly brand.
"However, there are still a number of high growth opportunities within our
portfolio which, if successfully exploited, could give the group another year of
high growth rates," he says.
"The opportunities for real growth are with Kelly Industrial in the blue collar
segment, the outsourcing segment and then through acquisitions. Early
indications are that Kelly Industrial is already ahead of the game and will have
increased its temporary employee headcount significantly by the end of the first
quarter."
Wilson notes that the Kelly Group`s first year as a JSE-listed company was a
busy one in which it made substantial advances on the strategic as well as the
operations fronts. Highlights of the year included the strong financial
performance, to which all the core brands contributed, productivity gains and
margin improvements achieved through a successful efficiency drive, and the
introduction of formal measurements of customer satisfaction and employee
relationships.
The group last year also made two strategic acquisitions which have strengthened
its presence in important niche markets. These are the specialist financial
recruitment business Frontline and the call-centre outsourcing operation
iChoices. The former gives the group complete coverage from the clerical to the
senior executive levels in the financial sector while the latter enables it to
offer a one-stop call centre service which includes the provision of
infrastructure and facilities as well as staffing.
Shareholders are advised that the annual financial report for the year ended 30
September 2007 contains no modifications to the audited results which were
released on SENS on 22 November 2007.
Notice of the annual general meeting
Notice is hereby given that the annual general meeting of Kelly Group
shareholders will be held in the Madiba boardroom at Kelly Group`s head office,
6 Protea Place, cnr Fredman Drive and Protea Place, Sandton on 15 February 2008
at 10:00 to transact the business as stated in the annual general meeting notice
forming part of the annual financial statements.
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: 15/01/2008 12:52:18 Produced by the JSE SENS Department.
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