Bidvest reports boost from acquisition amid Covid-19 headwind
Revenue in the first four months of Bidvest’s financial year are in line with that of 2019, with acquisitions and cost control offsetting the pandemic’s effects
27 November 2020 - 12:06
Industrial conglomerate Bidvest, whose interests span cleaning services to freight management, says it has seen stability in its operating profits in the first four months of its new financial year, as new acquisitions and market share gains helped offset the negative effects of Covid-19.
Trading profit and revenue were broadly stable in the four months to end-October relative to the same period of 2019, Bidvest said in a trading update, in spite of negative economic growth, low consumer confidence, and continued restrictions on travel and tourism...
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