Data provided by McGregor BFA
All data is delayed
Loading...
See More

Bidvest profit boosted by weak rand

Aug 27 2012 09:21 Reuters

Related Articles

Bidvest drives up profit

CEO lauds Bidvest Bank perfomance

Bidvest confirms bid for Capespan

Bidvest says no to sale, shares fall

Bidvest earnings expected to jump

Bidvest surges on offers for unit

 

Johannesburg - South African industrial conglomerate Bidvest Group [JSE:BVT] beat estimates posting a 27.5% rise in full-year profit on Monday, lifted by proceeds from the partial sale of its stake in Mumbai International Airport and favourable currency swings.

Bidvest, whose business include food distribution, auto dealerships and shipping, said diluted headline earnings per share totalled 1,470.8 cents in the year to end-June, above a 1,367 cents estimate in a Reuters poll of 11 analysts.

The company sold half of its 27% stake in Mumbai International Airport late last year, earning R400m from the deal.

Bidvest, which makes more than a quarter of its sales overseas, said revenue increased 12.7% to R133.5bn.


* Follow Fin24 on FacebookTwitter and Google+.

 
the bidvest group
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Zuma: Pray for peaceful polls

President Jacob Zuma has asked members of the Universal Church of the Kingdom of God to pray for peaceful elections on 7 May.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...