Message to shareholders
"An outstanding result with six divisions posting double digit profit growth, off last year’s high base."
Mpumi Madisa, chief executive.
Introduction
This year's exceptional operating and financial results were
delivered despite several domestic and global crises and
rapid changes in demand.
The R9.7 billion reported trading profit is similar to the profits
pre the 2016 unbundling of the foodservice businesses.
Cash flows from operating activities, excluding dividends,
and on a comparable basis, are almost R0.5 billion higher.
This is a remarkable achievement in a mere six years.
For the first time, the Commercial Products division
generated trading profit of more than R1.0 billion, another
milestone. Four out of the seven Bidvest divisions now
generate profitability in excess of a billion rand each.
23%
