BRIEF-Adcorp FY HEPS From Cont Ops Increased By 320 Cents To 234 Cents

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BRIEF-Adcorp FY HEPS From Cont Ops Increased By 320 Cents To 234 Cents

May 20 (Reuters) - Adcorp Holdings Ltd ADRJ.J :

* PROVISIONAL SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

* FY HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED BY 320 CENTS TO 234 CENTS

* REVENUE FOR YEAR DECREASED BY 2% TO R15 BILLION

* FY DIVIDEND DECLARED OF 96,10 CENTS PER SHARE (2018: NIL)

* PHASE ONE COST REDUCTION TARGET OF R200 MILLION WAS EXCEEDED DURING FINANCIAL YEAR, AS WORK ON PHASE TWO COMMENCED

* IN NEW FINANCIAL YEAR CO TO TURN ATTENTION TO IMPLEMENTATION OF NEW OPERATING MODEL AND GROWTH STRATEGY IN SOUTH AFRICA

* IN NEW FINANCIAL YEAR, CO TO PROVIDE GREATER FOCUS ON PROSPECTS FOR AUSTRALIA BUSINESS

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