Home Agribusiness South Africa’s Bidcorp annual profit up 9.1 percent

South Africa’s Bidcorp annual profit up 9.1 percent

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Bid Corporation Ltd (Bidcorp), South African food producer, reported a 9.1 percent rise in annual earnings; according to the year-end results made available on Wednesday 22 August 2018, supported by positive trading performance in all regions in which the global foodservice business operates.

Bidcorp SA Annual Report

Bidcorp reported headline earnings per share (EPS) from continuing operations of 1,286 cents in the year ended June from 1,179 cents in the prior year.

Headline EPS is the most widely watched profit gauge in South Africa and strips out certain one-off items.

Bidcorp, which supplies hotels, restaurants and industrial caterers, also said net revenue rose 8 percent to 119.4 billion rand ($8.16 billion). ($1 = 14.6363 rand)

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