South Africa's Bidcorp profit jumps 18.6% on strong European business [Reuters]
BIDVEST GRP LTD S/ADR (BDVSY)
NASDAQ:AMEX Investor Relations:
bidvest.co.za/investor-presentations.php
Company Research
Source: Reuters
18.6% jump in half-year earnings on Wednesday, supported by strong performance in its European business, which increased revenue and trading profit to record levels. The company, spun off from Bidvest (BVTJ.J) , opens new tab in 2016, said headline earnings per share (HEPS), the main profit measure in South Africa, rose to 1,152.4 cents in the six months ended on Dec. 31, up from 971.7 cents a year earlier. Reporting by Nqobile Dludla; Editing by Tom Hogue Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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