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Johannesburg - The Bidvest Group [JSE:BVT] posted an 8.5% rise in full-year profit on Monday, helped by strong demand in its Asian business.
Bidvest, whose businesses include auto retailing, shipping and food distribution, said diluted headline earnings per share totalled 1 153.9c in the year to end-June compared with 1 063.4c a year earlier.
The company said revenue rose 7.9% to R118.5bn helped but its Asian business, where it expects strong demand to continue into the new fiscal year.
"Demand for delivered wholesale food products in Asia Pacific is expected to remain buoyant, particularly in Greater China," Bidvest said in a statement.
Shares in the company are down about 8% so far this year, largely in line with the Top 40 - (Tradeable) [JSE:J200].
Bidvest, whose businesses include auto retailing, shipping and food distribution, said diluted headline earnings per share totalled 1 153.9c in the year to end-June compared with 1 063.4c a year earlier.
The company said revenue rose 7.9% to R118.5bn helped but its Asian business, where it expects strong demand to continue into the new fiscal year.
"Demand for delivered wholesale food products in Asia Pacific is expected to remain buoyant, particularly in Greater China," Bidvest said in a statement.
Shares in the company are down about 8% so far this year, largely in line with the Top 40 - (Tradeable) [JSE:J200].
