This has been our first full year following the successful unbundling of our foodservices businesses and we transitioned exceptionally well. I am pleased to report we are on course for continued growth and success.
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We have made excellent progress over the past year in achieving our stated objectives. Our portfolio has been strengthened and realigned, resulting in an enhanced focus on the seven core divisions and allowing us to concentrate on renewed growth.
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Bidvest delivered pleasing results in a tough trading environment. At Group level, trading profit grew
5%; 6% in South Africa. Funds employed was tightly controlled and cash generation was strong.
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