Adcorp shares jump on improved earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Headline earnings per share double on cost cuts and exit of poorly performing contracts

Shares of human resources firm Adcorp, which has operations in SA and Australia, surged on Friday after it reported a doubling of its headline earnings per share as it cut costs and exited poorly performing contracts.

The shares rose the most since December 30, up 13.40% to R5.50, after Adcorp said its headline earnings per share , a main profit measure in SA, is expected to increase by a minimum of 47.5c from the previous 34.2c — about a 139% increase. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE firms with global markets after a tough weekMiners rebounded after recent losses, lifting the all share index 2%
Source: BDliveSA - 🏆 12. / 63 Read more »