Salient features
-
Headline earnings
increased by 10.0% to
R2.1 billion -
HEPS up 9.6% to
629.1 cents
per share -
Trading profit growth,
up 6.3% to
R3.3 billion -
Normalised HEPS
635.7 cents
per share
-
Interim dividend of
282 cents
per share, up 10.6%
-
Strong balance sheet maintained with conservative gearing
Key financial statistics
Contribution to revenue
Contribution to trading profit
Message to shareholders
Introduction
Bidvest is a leading business-to-business trading, distribution and services group, operating through seven divisions: Services, Freight, Automotive, Office and Print, Commercial Products, Financial Services and Electrical. The Group owns 66.0% of Bidvest Namibia and a significant Bidvest-occupied property portfolio. Bidvest continues to hold investments in Adcock Ingram (38.5%), Comair (27.2%) and Mumbai Airport (6.75%) (MIAL), as well as other listed and unlisted investments.