Adcorp set to report an interim loss
The first results for new management at employment services group Adcorp are expected to be poor, while the group has committed to resizing and making an array of changes. The company has warned investors that it swung into a loss for the six months to August and it has to be completely reshaped over the rest of its financial year, which finishes at the end of February 2018. Adcorp said on Monday it expected a basic loss per share of 110c to 132c compared with basic earnings per share of 78.4c posted for the half-year ended August 2016.
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