US professional services staffing firm General Employment reported a 9% year-on-year increase in net revenue to US$43.3m (£29.5m) for the year ended 30 September.

However, net loss from operations also increased from $1.35m to $4.66m. This was not explained in the company’s financial report, released late last year.

Its contract staffing services division contributed the bulk (85%) of revenue, a 3% increase on the previous year.

The company puts this increase down to “significant contributions” from the acquisitions of emergency department healthcare staffing firm Scribe Solutions (April) and IT staffing firm Agile (August). 

Gross margin was 30.3%, a 0.6% decrease year-on-year.

In the report, General Employment chairman and chief executive Derek Dewan said the “primary areas of focus to fuel our growth” was continued expansion of its geographic footprint into new markets. It is also seeking new acquisitions.

A day after announcing its financial results, the company announced the acquisition of Dallas, Texas-based IT and professional services staffing firm Paladin Consulting for an undisclosed sum. 

The acquisition was effective 1 January.