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General Employment Revenue Up 61%

May 16 2012

Revenue jumped 60.7 percent at General Employment Enterprises Inc. (AMEX: JOB), an Oakbrook Terrace, Ill.-based staffing provider, to $12.7 million in its fiscal second quarter ended March 31 from $7.9 million in the year-ago period.

The company’s acquisition of assets from Ashley Ellis LLC in September 2011 helped boost revenue. General Employment’s second-quarter revenue also got a boost from its acquisition of BMCH Inc. in May 2011 and BMCHPA in July 2011.

Second-quarter gross margin narrowed to 25.7 percent from 26.6 percent in the year-ago quarter.

General Employment reported a second-quarter net loss of $515,000, compared with a net loss of $104,000 in the year-ago period.

The company provides information technology, engineering, finance/accounting, agriculture and light industrial staffing.

General Employment Enterprises Inc. (AMEX: JOB)
For the fiscal second quarter ended March 31, 2012, compared with the same period in the previous year.
Revenue: $12.7 million, +60.7 percent
Net loss: $515,000 vs. net loss of $104,000

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