Operational reviews – Bidvest Angliss Asia

Bidvest Foodservice Asia Pacific

Johnny Kang: Managing director

Highlights Sales increased by 18% to HKD3 287 million EBIT increased by 12% to HKD125 million Performance of Hong Kong business was affected by high logistic cost due to the implementation of minimum wage regulation and shortage of storage space, while China business did well due to new products and expansion of selling territory Sales dropped by 23% to SGD258 million EBIT reduced by 43% to SGD3 million Reorganised warehouse and delivery fleet to provide better customer service.

Angliss management team

Changes in the operational environment

	Major protein sources work directly with second-tier distributors in Asia
	Smaller distributors entering the foodservice market.

Risk and response

A tight labour market and government efforts to step up the control of foreign workers create the risk of significant increases in labour and operational costs – addressed by greater automation to improve our productivity in processing and production.

2015 targets, objectives and factors affecting future results

	Continue the consolidation of the business with strong emphasis on foodservice and less focus on trading activities
	Efficiency improvements will be sought across all aspects of the business.