The Bidvest Group Limited

Highlights

• Salient features

  • Successful unbundling and listing of Bidcorp on May 30 2016 adds significant value to shareholders
  • Divisional restructuring positions the Group well for growth
  • Trading profit 3% higher at R5,8 billion
  • Four of the seven divisions record increases in trading profits in a difficult economic environment
  • Headline earnings per share (HEPS) from continuing operations increases by 2,5% to 1 054,1 cents
  • Strong balance sheet maintained... Read more

• Financial statements

  • Condensed consolidated income statement
  • Condensed consolidated statement of other comprehensive income
  • Condensed consolidated statement of cash flows
  • Condensed consolidated statement of financial position
  • Condensed consolidated statement of changes in equity
  • Condensed segmental analysis

• Message to shareholders

  Highlights
  The Group has delivered creditable trading results against the backdrop of challenging market conditions in the southern African region. The Commercial Products, Financial Services, Electrical and Services divisions delivered improved contributions, while the Freight division’s trading profit was marginally lower than last year, largely as a result of declining commodity volumes due to the slow-down in the resources sector. Automotive has been negatively affected by the decline in vehicle sales, while Office and Print disposed of the Océ business... Read more