Volt Information Science Inc.'s has reported net sales in its staffing services division rose 11.1% to $557.3 million in its fiscal fourth quarter ended Nov 2. However, the division's operating profit fell 20% to $16.9 million after a $4.9 million impairment charge based on recent operating results and the general business outlook of the economy.
Fourth-quarter turnover for the entire company increased by7.6% to $650.6 million.
Volt's Net income trebled to $70.1 million from $23.1 million in the same period last year because the quarter included a gain of $93.0 million on the sale of its telephone directory business
Full-year 2008 revenue rose 6.2% to $2.43 billion from $2.29 billion in the previous year. Full-year 2008 net income rose 63.3% to $64.2 million.