Bidvest profits dip as Comair takes a hit from SAA
Headline earnings per share fell 10.5% in half year to end-December, partially due to a write-off of a settlement owed by national carrier
02 March 2020 - 08:55
Services, trading and distribution group Bidvest, which owns more than a quarter of aviation group Comair, reported a double-digit decline in profit for its half year to end-December, partially due to SAA’s inability to pay its debts.
Headline earnings per share (HEPS) fell 10.5% to 563.2c, with the results affected by accounting changes, while it also was required to write down its share of Comair’s settlement with SAA over anticompetitive conduct related to a travel agent scheme...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.