News Formal

Bidcorp flags record earnings as global momentum builds

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

Foreast headline earnings for the six months to end-December driven by upswing across almost every region in which the group operates

Bidcorp surged on Wednesday after the international food-service group said interim earnings would rise by almost a half, bolstered by surging trading momentum in the countries in which it operates.

The group’s share price rose 9% to R390.85 in morning trade on Wednesday — the biggest gain since November 2020 — after announcing that headline earnings per share for the six months to end-December are expected to be between 960c and 980c a share, a rise of 43%-49% from the same period a year earlier. ..

 

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

United States United States Latest News, United States United States Headlines

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

Pepkor reports sales slump at Ackermans, hit from load shedding triples | BusinessSA's largest retailer by store footprint Pepkor has reported a fall in like-for-like sales during the 3 months to end-December, amid a poor performance from overly pricey stock at Ackermans, while the hit from load shedding on the group more than tripled.
Source: News24 - 🏆 4. / 80 Read more »