Adcorp shares rise on earnings increase

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Headline earnings per share for its half-year to end-August increased more than eight times

Shares in Adcorp rose more than 40% on Wednesday as the employment services group reported a 900% growth in earnings for the six months to end-August.

Shares in the company shot up 40.22% to trade at R6.24 on Wednesday morning, their highest level since April. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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