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Bidcorp shares soar to highest in two years as it flags record earnings

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The company’s buoyant sales bolstered by surging trading momentum in the countries in which it operates

Shares in Bidcorp booked their biggest one-day gain in more than two years after the international supplier of food to restaurants and hotels said interim earnings would rise by almost a half, bolstered by surging trading momentum in the countries in which it operates.

Shares in Bidcorp rose by as much as 11% — the biggest gain since November 2020 — before settling 6.57% higher at R382.04 at the close of trade on Wednesday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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