Bidvest interim earnings up 9.6% despite frail economic backdrop

Services, trading, and distribution company Bidvest said on Monday its headline earnings per share for the half year ended December increased by 9.6% to 629.1 cents while trading profit grew by 6.3% off flat revenue.

The financial position of the group remained very strong with net debt at R8.9 billion and the company declared an interim dividend of 282 cents, 10.6% higher than last year. “Pockets of activity and opportunities exist across the economy and the group is well positioned to participate in these.”

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