Bidcorp books jump in annual profit and raises dividend
CEO Bernard Berson says food service industry’s long-term growth prospects remain positive despite current global economic uncertainty
30 August 2023 - 09:01
UPDATED 30 August 2023 - 17:19
International food services group Bidcorp says it is well placed to offer alternatives to consumers who are not willing to absorb price increases, and remain competitive.
High food inflation in SA and abroad, driven by labour, energy and fuel cost increases, started to slow only in the latter stages of the group’s 2023 financial year, but Bidcorp said nearly all its businesses were able to “substantially pass through product and cost inflation increases”...
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