Bidvest

Bidvest FY HEPS came in +6.6% higher to 1,913c (vs BB est. of 2,127c) | Revenue +6.7% to R123bn | Trading profit +8.5% as five out of seven divisions reported profit growth, with four delivering impressive double-digit increases | Commercial Products & Automotive lagged | Return of Funds Employed (ROFE) moderated to 37.3% from 38.3% | ROIC was 16.1% (vs FY23: 17.3%) | Total divi +4.3% to 914c.
Click here to read the SENS