BRIEF-Adcorp Holdings Says No Dividend Declared For Year Ended 29 February 2020

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BRIEF-Adcorp Holdings Says No Dividend Declared For Year Ended 29 February 2020
Credit: © Reuters.

June 29 (Reuters) - Adcorp Holdings Ltd ADRJ.J :

* ADCORP HOLDINGS LTD - NO DIVIDEND DECLARED FOR YEAR ENDED 29 FEBRUARY 2020 (2019: 96.1 CENTS)

* ADCORP HOLDINGS LTD - FY REVENUE FROM CONTINUING OPERATIONS DECREASED BY 10% TO R13 BILLION (2019: R14.5 BILLION RESTATED*)

* ADCORP HOLDINGS LTD - FY HEADLINE EARNINGS PER SHARE DECREASED TO A LOSS OF 6.2 CENTS (2019: 245 CENTS EARNINGS PER SHARE)

* ADCORP HOLDINGS LTD - YEAR ENDED 29 FEBRUARY 2020 WAS A PARTICULARLY CHALLENGING ONE FOR ADCORP GROUP GIVEN A TOUGH TRADING ENVIRONMENT

* ADCORP HOLDINGS LTD - EXTENT OF IMPACT OF COVID-19 PANDEMIC ("COVID-19") ON BUSINESS AND FUTURE FINANCIAL RESULTS REMAINS UNCERTAIN

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