Business Services Industry
Adcorp will miss its target.(Adcorp Australia Ltd.)(Brief Article)
Australasian Business Intelligence, May, 2005
May 11, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
Adcorp Australia is a communications specialist and an advertising agency. On 11 May 2005, the group unveiled some disappointing news. It noted that a fall in demand for its services had forced it to issue a profit downgrade. On the day, shares in the group dipped by $A0.12 to $A0.83. Adcorp has now revised its 2004-05 net profit forecast to between $A4 million and $A4.3 million. The group noted that its operations in New Zealand are still on track. One analyst said that advertising conditions in Australia have weakened in 2005.
Publication Date: 12 May 2005
ADCORP AUSTRALIA LIMITED - ASX AAU:
ADCORP NEW ZEALAND LIMITED
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