South African food services company Bid Corporation (Bidcorp) has posted a 6.5 percent rise in full-year earnings despite what it described as a challenging and uncertain trading environment.
The group, which operates across Australasia, Europe, and emerging markets including China and the Middle East, released its results on Wednesday, Reuters reported.
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Headline earnings per share increased to 2,562.7 cents for the year ending June 30, up from 2,405.5 cents a year earlier.
In constant currency terms, which strip out the effects of exchange rate fluctuations, profit rose by 9.6 percent.
The Johannesburg-listed company reported a 4.3 percent increase in revenue to 235.6 billion rand ($13.41 billion) and a 6.4 percent rise in trading profit to 12.9 billion rand. On a constant currency basis, revenue was up 6.8 percent while trading profit advanced 9.3 percent.
Bidcorp also declared a final cash dividend of 600 cents per share, compared with 565 cents in the previous year.
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Image Credit: Daily Investor
