Adcorp reports 900% growth in half-year earnings
The employment services group sees global staffing relying on project-based terms and short-term contracts over the next few years
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.
The group said its performance for the reporting period was “significantly improved, notwithstanding the impact of the economic slowdown and continued trading limitations related to Covid-19”. Revenue fell, affected by a decline in demand for labour due to the reduction in commercial activity in SA and Australia, the two countries in which the company operates...