Industrial group Bidvest eked out 4.6% growth in full-year trading profit to R6bn, despite what it described as tough trading conditions. "Exceptional cost discipline and driving down the cost of doing business helped to support growth in most of the businesses that faced deflationary pressure," the company said in the earnings statement released on Monday. Bidvest’s diverse investment portfolio spans services, freight, automotive, office and print, commercial products, financial services and electrical companies. Its food services division was spun off into the separately listed Bidcorp, which reported results last week. Bidvest, a JSE top 40 member, also holds investments in pharmaceuticals group Adcock Ingram, airline operator Comair, Mumbai Airport, as well as a 52% interest in Bidvest Nambia. Group revenue rose 4% to R71bn in the year to June, with R1.7bn coming from Brandcorp, which Bidvest acquired last year. Commercial products, electrical, financial services, freight and se...
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