Personnel Group of America Inc. (NYSE: PGA) reported a second-quarter net loss of $2.7 million, or 10 cents per diluted share, compared with a net loss of $1.1 million, or 4 cents per diluted share, in the same period last year.

Before restructuring charges, the company lost $1.5 million, compared with net income, also exclusive of restructuring charges, of $250,000, during the second quarter of 2001.

Revenue fell 27 percent to $141.7 million.

The Charlotte-based company’s IT services revenues in the second quarter decreased 5.7 percent from $82.3 million in the first quarter to $77.6 million, as the weak corporate IT spending environment continued throughout the second quarter. PGA’s commercial-staffing unit added $64.1 million in revenue.

For the first six months of the year, PGA lost $252.3 million, or $9.45 cents per share. Included in those figures are costs attributed to a change in accounting principles, which amounted to $242.5 million, or $9.08 per share.

In the first six months of 2001, the company lost $129,000.

Personnel Group of America Inc: www.pga-inc.com