Bidvest earnings climb 8,5%

Bidvest's earnings have risen by 8,5% given it diluted headline earnings of 1153,9 cents a share for the year to June on the back of demand for its products in China according to an article published in Business Day.

29 Aug 2011

Bidvest's revenue increased by 7,9% to R118,5-billion and cash generated by its operations grew by 6,6% to R7,8-billion. Bidvest's businesses included automotive retailing, shipping and food distribution.

Company chief executive Brian Joffe says that economic conditions in South Africa have improved but the country faces new challenges driven by global economic uncertainty.

Read the Business Day report.
Read Bidvest's results.

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