Bidvest upbeat after swinging back to profit
Efforts at keeping costs low, and a shift in managerial focus to profits rather than volumes, helped four of the group's divisions deliver record results
Bidvest, whose diverse interests span cleaning services to used cars and freight management, gave a confident 2022 outlook after the industrial conglomerate returned to annual profit on Monday.
The group, valued at R67bn on the JSE, turned a R4.1bn profit, from a loss of R187m previously, allowing it to more than double its total dividend to 600c, translating to a R2bn payout for shareholders. ..