News Formal

Profits surge as nimble business model helps Bidcorp weather Covid storm

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The food services company says decentralisation helped it trim operating costs by 13.4% in constant-currency terms

Bidcorp, the global food services company spun off from Bidvest in 2016, says its decentralised model is proving nimble during Covid-19, but while profits surged in its year to end-June, it is still digesting the R694m cost of fraud at a Chinese unit.

The fraud detracted from a resilient set of results for the group’s year to end-June, with CEO Bernard Berson telling Business Day there would always be those seeking to engage in illicit activity, with little the group could do except beef up surveillance and catch things earlier...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Profits surge as nimble business model helps Bidcorp weather Covid stormThe food services company says decentralisation helped it trim operating costs by 13.4% in constant-currency terms
Source: BDliveSA - 🏆 12. / 63 Read more »