What was Bidvest's profit in the last year?
The Bidvest Group reported its audited financial results for the full financial year, posting a robust trading profit of approximately twelve billion South African Rand, which represented a solid one percent increase compared to the previous financial period. The group achieved total revenue of one hundred and twenty-six point six billion Rand, driven by strong performances in its services and international divisions, excellent operational cash generation reaching fourteen point seven billion Rand, and strategic business acquisitions. Despite facing inflationary cost pressures, supply chain complexities, and margin normalization in certain commercial and freight segments, the company maintained a healthy trading profit margin of nine point five percent and declared a higher final cash dividend to reward shareholders.
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