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Adcorp Australia locks in extension to Australian Government contract

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Adcorp Australia (ASX: AAU) has received a 12 month extension to its contract for the provision of non-campaign master media agency services to the Australian Government.

The contract win follows successful negotiations with the Department of Finance and Deregulation.

This extension, the final of two options available to the Australian Government department under the contract, will begin from 5 May 2013.

Adcorp is Australasia’s largest locally owned communications group with annual billings in excess of $145 million.

At the end of December 2012 the company held A$4.2 million in cash.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Adcorp Australia

Price: 0.009 AUD

ASX:AAU
Market: ASX
Market Cap: $4.1 m
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