Staffing provider Kelly Group has upgraded the trading update issued last month.
The updates are in preparation for the release of the company`s annual results, due next week.
Last month, Kelly advised investors it expected earnings per share (EPS) and headline EPS (HEPS) to increase from 23c in 2006, to between 65c and 75c per share. Yesterday afternoon, the company revised this forecast again. Now it says the range is more likely to be between 75c and 85c.
Kelly also explained that the 23c per share quoted for the previous year`s results was calculated by taking into account the 18.6 million shares issued at no value during February this year. This compared to the 32.9c EPS and 33c HEPS published in its interim results.
The group is buying call centre outsourcing business iChoices, for up to R110 million. Kelly already supplies staffing for call centres and the acquisition will allow it to also offer call centre infrastructure and facilities.
The company`s 2007 annual results are expected to be published on 23 November.
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