Should be a double if you are willing to wait for it to be "discovered". I bought it in May, and figured it may take a year or so.
General Employment Reports Third Quarter Results Wednesday July 27, 5:06 pm ET
OAKBROOK TERRACE, Ill., July 27 /PRNewswire-FirstCall/ -- General Employment Enterprises, Inc. (Amex: JOB - News) reported net income of $259,000, or $.05 per share, for the quarter ended June 30, 2005, compared with a net loss of $12,000, for the same quarter last year. The Company's consolidated net revenues for the quarter were $5,319,000, up 12% from $4,755,000 for the same quarter last year. Contract service revenues of $3,011,000 were up 3%, while placement service revenues of $2,308,000 increased 27%.
Commenting on the Company's performance for the quarter, Herbert F. Imhoff, Jr., board chairman and CEO said, "The demand for the Company's placement services has strengthened since the third quarter of last year. The increase in placement service revenues for the quarter was achieved through a combination of a 16% increase in the number of placements and a 5% increase in the average placement fee. Contract service revenues benefited from a 15% increase in the average billing rate, but also reflected a 10% decrease in billable hours. The increase in consolidated revenues enabled the Company to return to profitability for the quarter."
Mr. Imhoff added, "Continued improvement for the Company will depend on continued improvement in the demand for the Company's professional staffing services."
Nine Months Results For the nine months ended June 30, 2005, the Company had net income of $399,000, or $.07 per share (diluted), compared with a net loss of $919,000, or $.18 per share, for the same period last year. The results for 2004 reflect a loss from discontinued operations of $.02 per share. There were no provisions or credits for income taxes reflected in the results of operations for either year, because of the presence of losses carried forward from prior years.
Consolidated net revenues for the nine-month period were $14,953,000, up 13% compared with $13,216,000 last year.....
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