Adcorp’s share price lifts as it pays out special dividend
Human resources specialist declared the payout despite reporting lower annual profit
29 May 2023 - 11:50
Shareholders of human resources specialist Adcorp were smiling after the company declared a special dividend in its annual results, despite a drop in its total profit.
By 11.13am the company’s share price was up 11.56% at R5.50, giving it a valuation of R627m on the JSE, despite impairments at one of its Australian subsidiaries and one of its local businesses...
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