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Adcorp expects annual headline earnings to triple

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The human resources company has implemented cost cuts and exited low-margin contracts

Human resources firm Adcorp, which has operations in SA and Australia, is expecting its headline earnings to triple in its 2022 year after cutting costs and exiting low-margin contracts.

Headline earnings per share of 96c-102.8c are expected for the year to end-February, the company said on Monday in a short update, representing an increase of 180.7%-200.6%...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.

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