Reuters logo
South Africa's Bidvest Group raises FY earnings
August 28, 2017 / 6:29 AM / 24 days ago

South Africa's Bidvest Group raises FY earnings

JOHANNESBURG, Aug 28 (Reuters) - South African trading, services and distribution firm Bidvest Group reported a 5 percent increase in full-year earnings on Monday, supported by cost management, bolt-on acquisitions and strong focus on clients and solutions.

Bidvest said headline earnings per share for the full-year ended June increased to 11.08 rand ($0.85) from 10.54 rand in 2016.

Headline EPS, the most widely watched profit measure in South Africa, strips out certain one-off items.

The group declared a final dividend of 264 cents. ($1 = 13.0507 rand) (Reporting by Nqobile Dludla, editing by Luise Heavens)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below