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Bidvest interim earnings up 9.6% despite frail economic backdrop

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The company says its financial position allows sufficient headroom to advance the group’s strategy.

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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