JSE-listed services and trading group Bidvest has reported a 2.9% year-on-year increase in revenue to R130.3-billion for the financial year ended June, while trading profit increased by 8.4% year-on-year to R13.1-billion, with every division delivering trading profit growth.
Headline earnings per share (HEPS) grew by 6% to R18.64. Group basic EPS increased by 1.3%, to R18.08 a share.
Group HEPS grew by 4.4% to R19.52 a share. The difference relates primarily to the impairment of the discontinued operations’ net asset value growth over the year.
Bidvest declared a final dividend of R4.83 – a 6.6% year-on-year increase.
“We improved organic growth momentum, materially increased cash generation, maintained capital discipline and deleveraged, while the programme to rebuild returns remains a priority,” says Bidvest Group CEO Mpumi Madisa.
