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WATCH: How Adcorp managed to return to profitability

16 October 2018 - 12:01 Business Day TV
Picture: 123RF/ROBERTSROB
Picture: 123RF/ROBERTSROB

Adcorp’s turnaround strategy appears to be bearing fruit.

The employment services firm has returned to the black, reporting earnings per share of 90.2c. This comes after a loss of 120.7c in the year-earlier period.

CEO Innocent Dutiro joined Business Day TV for more detail behind the numbers.

Adcorp CEO Innocent Dutiro talks to Business Day TV about the group’s interim results

Cost-cutting allows Adcorp to become profitable again

The company said it was on track to realise the balance of the R200m savings identified as part of the first phase of cost reduction
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Turnaround strategy slashes Adcorp debt by more than half

The group warns of fall in basic earnings per share
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Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.