Adcorp’s share price lifts as it pays out special dividend
Human resources specialist declared the payout despite reporting lower annual profit
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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