South Africa – Adcorp Holdings full year revenue down 9.3% as pandemic hits performance
South Africa â Adcorp Holdings full year revenue down 9.3% as pandemic hits performance 01 June 2021 South Africa-based workforce management solutions group Adcorp Holdings Ltd. (ADR: JSE) reported revenue for the year ended 28 February 2021 from continuing operations decreased by 9.3% to ZAR 11.7 billion (USD 850.6 million). CEO John Wentzel said, âDespite a challenging year, the group is in a stronger position than a year ago with significantly lower debt, improved earnings and empowerment credentials. The groupâs resilience was underpinned by aggressive cash flow management,...
Source: staffingindustry.com