| Tue 27 Jan 2009, 12:54 | | KEL - Kelly Sees Growth Opportunities In Tough Market |
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KEL
KEL
KEL - Kelly Sees Growth Opportunities In Tough Market
KELLY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/026249/06)
ISIN: ZAE000093373
Share Code: KEL
("Kelly Group" or "group")
KELLY SEES GROWTH OPPORTUNITIES IN TOUGH MARKET
Johannesburg, 27 January 2009- While trading conditions are likely to remain
challenging this year, the Kelly Group is confident that growth opportunities in
its businesses will help offset any slowdown, chief executive Grenville Wilson
says in the 2008 annual report published today.
The staffing and outsourcing services group posted a 24% increase to R159
million in earnings before interest, tax, depreciation and amortisation for the
year to September 2008 on revenue which rose by 12% to R2.2 billion.
Wilson says the continued use of advanced technology would underpin the
development of new services and improve existing ones. It would also enhance
operating efficiencies, reduce overheads and control costs.
Key to this, he says, is the roll-out of the group`s digital strategy, which
greatly expedites the process of matching candidates to jobs while streamlining
back-office processes. Other initiatives include the use of internet social
networking platforms as a candidate acquisition channel.
Wilson also notes that the group has identified the ICT sector as a growth
opportunity. Its recent creation of a focused ICT division within the flagship
Kelly brand and the acquisition of skills development and training specialist
Torque IT were designed to support its increased penetration of this sector.
Other new business units established during the year, including GAP Executive
Management Solutions and Paxsal K-Log, would also provide the group with
additional revenue stream in the year ahead, he said.
Also in the annual report, chairman Moss Ngoasheng said the group was working
with a number of industry and government bodies to help attract international
business process outsourcing and call centre operations to South Africa.
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
Sponsor
RAND MERCHANT BANK (A division of FirstRand Limited)
Date: 27/01/2009 12:54:01 Produced by the JSE SENS Department.
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