Trading, distribution and services group Bidvest reported its full-year results on Monday. Revenue was up 8.4%, trading profit up 8% and headline earnings per share (HEPS) came in 11% stronger, driven largely by cost-cutting measures. The company has declared a dividend of just more than R3, an increase of 14%.   In the domestic market, the group has highlighted concerns over the government's ability to drive infrastructure spend, while internationally it seeks to expand in niche areas of services and commercial products. Bidvest CEO Lindsay Ralphs spoke to Business Day TV about the company’s full-year results.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.