Adcorp share price jumps the most in seven months as profit rises
The share price surges 133% on the company's cost containment plan to ease the effects of Covid-19
The share price of Adcorp had its biggest one-day gain since March on Thursday after the employment services group said it expects a sharp rise in profits due to cost containment efforts to ease the effects of Covid-19.
Adcorp, which operates in SA and Australia, said in a trading update on Thursday that operating profit is expected to increase to as much as R112m in the six months to end-August, an increase of up to 31%. ..