In a busier day for corporate news, staffing group Adcorp lifted after a mixed profit update, while Golden Arrow owner Frontier Transport jumped after its profit forecast. In international news, no-frills airline Ryanair has managed to brush off higher fuel prices in order to enjoy a profit jump.flagged a between 27% and 47% rise in headline earnings per share for its year to end-February, but pressure on continuing operations which will see this profit measure fall as much as 48.4%.
The decline in performance of its professional services division in South Africa masked solid performances in other divisions."We continue to witness resilience and strength across many areas of our business, most notably in our contingent staffing businesses in both South Africa and Australia," it added. Adcorp, valued at only about R440 million on the JSE, lifted almost 4% on Monday but remains more than 2% down on a one-year basis.
Source: News Formal (newsformal.com)
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