Bidvest eyes more acquisitions despite tough conditions
Trading profit grew 3.5% in the year to end-June despite a challenging environment, group says
02 September 2019 - 09:44
Services, trading and distribution group Bidvest, which recently took a controlling stake in SA’s second-largest drugmaker, Adcock Ingram, said it is eyeing further large-scale investments in SA despite a tough economic environment.
Bidvest, whose brands include Rennies Travel and motor retailer Bidvest McCarthy, said on Monday trading profit for the year to end-June rose 3.5% to R6.7bn, boosted by higher bulk and liquid commodity volumes through SA ports...
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