Bidvest Group reports profit growth of 8.5% to R12.4 billion
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GUEST – Mpumi Madisa – Bidvest Group CEO
Leading services, trading and distribution Group, Bidvest has delivered a solid performance for the year ended 30 June 2024, with the underlying themes demonstrating the Group's coveted attributes of consistency in performance, strong cash flow and growth.
Trading profit grew by 8.5% to R12.4 billion, with acquisitions boosting growth by 2.9%. The trading profit margin improved slightly to 10.1% (FY2023 10.0%).
The Group declared a final dividend of 447 cents per share, bring the year's total to 914 cents, which is 4.3% higher than last year.
Leading services, trading and distribution Group, Bidvest has delivered a solid performance for the year ended 30 June 2024, with the underlying themes demonstrating the Group's coveted attributes of consistency in performance, strong cash flow and growth.
Trading profit grew by 8.5% to R12.4 billion, with acquisitions boosting growth by 2.9%. The trading profit margin improved slightly to 10.1% (FY2023 10.0%).
The Group declared a final dividend of 447 cents per share, bring the year's total to 914 cents, which is 4.3% higher than last year.