Bidvest upbeat after swinging back to profit
Efforts at keeping costs low, and a shift in managerial focus to profits rather than volumes, helped four of the group's divisions deliver record results
06 September 2021 - 14:41
Bidvest, whose diverse interests span cleaning services to used cars and freight management, gave a confident 2022 outlook after the industrial conglomerate returned to annual profit on Monday.
The group, valued at R67bn on the JSE, turned a R4.1bn profit, from a loss of R187m previously, allowing it to more than double its total dividend to 600c, translating to a R2bn payout for shareholders. ..
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