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| Highlights |
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The Angliss acquisition gives us direct exposure to the high-growth markets of east Asia and China |
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Our international foodservice business is a world leader |
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The acquisition of the Viamax fleet management business is complete, implementation effective September 2007 |
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The Bidvest growth model proves its value for the 18th successive year |
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Revenue up 23,8% to R95,7 billion |
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Trading profit rises by 24,3% to R4,5 billion |
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Headline earnings rise by 20,7% to R2,9 billion |
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New investment of R2,0 billion in capital expansion reflects our confidence |
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Organisational changes highlight the strength of Bidvest’s succession generation |
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| Introduction |
Our results are pleasing, driven by organic growth and operational excellence. We have maintained our record of uninterrupted success, with compound growth in headline earnings per share above 25,0% for 18 successive years. Return on funds employed and sustained, long-term growth remain the key yardsticks of our own performance. ROFE remained vigorous at 50,2% while the trading margin was largely stable at 4,8%.
Revenue of R95,7 billion was 23,8% up on 2006 while trading profit increased by 24,3% to R4,5 billion (2006: R3,7 billion). Headline earnings were R2,9 billion (2006: R2,4 billion). |
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