Adcorp Holdings Limited provided earnings guidance for the year ended February 28, 2022. For the year, the company expects headline earnings per share to increase by a minimum of 47.5 cents compared to 34.2 cents reported for the year ended February 28, 2021, representing an increase of at least 139%; and earnings per share is expected to increase by a minimum of 55.9 cents compared to 35.6 cents reported for the year ended February 28, 2021, representing an increase of at least 157%. Adcorp Group revenue is expected to be in line with the prior year on a constant currency basis.

Revenue was negatively affected by the strategic exit of low margin contracts, the July KwaZulu Natal unrest in South Africa, flooding in Australia and the impact of Covid-19 in key markets.