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"Bidvest has delivered a pleasing result with five of our seven divisions reporting double digit profit growth. This interim result reflects our businesses' ability to rise above structural headwinds and deliver value to all stakeholders,"
Mpumi Madisa, Chief executive.
The JSE-listed group, which employs 100 000 people in South Africa, has allocated R400 million towards employee relief initiatives through a newly formed Bidvest Group Covid-19 Employee Fund.
Bidvest has delivered a robust trading profit, driven mainly by its core South African operations
In the half year to December 31, 2015, Bidvest achieved 13% growth in headline earnings per share (HEPS) to 1 001,5 cents despite challenging trading conditions, particularly in Southern Africa.
Bidvest benefited from an excellent Foodservice contribution in the six months to December 31, 2014, helping to lift headline earnings per share by 5,2% to 886,3 cents.
BIDVEST’S half-year results to December 31, 2013 were buoyed by good organic growth resulting in a 16,2% rise in headline earnings per share (HEPS) to 842,3 cents.
The Bidvest Group Limited (Bidvest) and Mvelaserve Limited (Mvelaserve) have jointly announced that Bidvest will make an offer to Mvelaserve shareholders to acquire those shares Bidvest do not currently own.
Bidvest anticipates headline earnings per share (HEPS) for the six months ended December 31 2008 to be down 9% on the previous interim period. Earnings per share (EPS) are anticipated to be up by 9%.
Bidvest CE Brian Joffe today announced "satisfactory operating results" for the half year to December 31 2007. Headline earnings per share rose 10,1% to 498,1 cents. Operating profit grew 17,9% to R2,5 billion off revenue of R53,9 billion, a rise of 12,6%.
Bidvest has announced what chief executive Brian Joffe describes as "most pleasing results" with operating profit up by 22,7% on revenue growth of 25,2% for the six months ended 31 December 2006.
The Bidvest Group Ltd, owners of 3663 First for Foodservice, the UK's leading foodservice wholesale distributor, has acquired a majority shareholding in HORECA Trade in the United Arab Emirates , with the intention of developing it to become the number one foodservice distribution company in the region.