Highlights
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Salient features
- A robust trading result before investment income, up 7,5%
- Bidvest South Africa recorded commendable increases in trading profits despite challenging economic conditions
- Basic earnings per share up 39,6% to 587,4 cents
- Headline earnings increased by 5,6% to R1,7 billion HEPS increased by 4,4% to 510,3 cents
- Strong balance sheet maintained and solid operating cash generation, up 30,1%
- Interim dividend declared of 227 cents per share... Read more
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Financial statements
- Financial statistics
- 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
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Message to shareholders
Highlights
Bidvest has delivered a pleasing result against the backdrop of significant and continuing market challenges. The quality of earnings is evident in the performance of the South African trading operations, which delivered solid results. Despite the competitive and difficult operating environment, five of the divisions managed to maintain or increase margins through enhanced efficiencies and cost control
South African operations delivered a good trading profit... Read more