Operational review Bidvest Freight

  • Trading profit rises 11,6% to R886,2 million
  • Bulk commodities drive high-capacity utilisation
  • Record volumes of agricultural products handled
  • Strong turnaround in the clearing and forwarding business
  • R314,6 million in new investment
  • Resourceful teams compensate for rail challenge by record truck throughput

The leading private sector freight management group in sub-Saharan Africa, consisting of several independent businesses focusing on terminal operations and logistics, international clearing and freight forwarding, logistics and marine ships agency and insurance services.

 

Anthony Dawe
Chief executive

 

Revenue

R19,3 billion

20,8% increase

Trading profit

R886,2 million

11,6% increase

 

  

 

Financial indicators
(for the year ended June 30)  		 2011  
R’m  		 2010  
R’m  
Revenue   19 253,3   15 941,9  
Trading profit   886,2   794,3  
Operating assets    3 467,6   3 162,7  
Operating liabilities   2 313,9   2 090,0  
Depreciation   169,2   144,7  
Amortisation and impairments of intangible assets   6,3   9,2  
Goodwill and intangible assets   91,5   75,2  
Sustainable development indicator overview          
Employees   4 761   4 860  
Total training spend (R’000)   25 883   23 926  
Training spend per employee (R)   5 436   4 923  
Employees attending HIV/Aids training (%)   37,9   33,3  
Lost-time injury frequency rate   6,9   6,5  
Work-related fatalities (number)   3   2  
CSI spend (R’000)   5 052   4 938  
Total water usage (litres ’000)   382 693   332 477  
Total electricity usage (including electricity from renewable sources) (kWh ’000)   45 953   49 836  
Petrol (litres)   571 970   542 642  
Diesel and biofuel (litres)   6 808 363   6 081 342  
Total carbon emissions (tonnes)   65 636   71 757  
Carbon emissions per employee (tonnes)   13,8   14,8  

 

QUICK LINK: Operational report and historic sustainable
development data

Material issues

  • Congestion at ports, restricting volumes of freight moved
  • The sustainability of profits and the business
  • The need to minimise our impact on the environment
  • The safety of our employees in a potentially hazardous working environment
  • Investing in skills and ensuring they are transferred and retained within the business
  • Transformation of our workforce and businesses
  • The health and wellness of our staff
  • Compliance with laws and regulations of countries in which we operate
  • Effective and timely reporting