Bid Corporation (Bidcorp) reported a 6% increase in half-year earnings driven by a 3.6% revenue growth linked to enhanced festive season trading. Headline earnings per share (HEPS) reached 12.21 rand ($0.6627) with a 10% growth in constant currency. An interim dividend of 5.6 rand was announced, marking a 6.7% increase from last year.
Bid Corporation Limited (Bidcorp), the South African multinational food services firm, disclosed a 6% increase in its half-year earnings on Wednesday. Revenue experienced a 3.6% rise, attributed to stronger trading during the festive season in the second quarter. This growth reflects Bidcorp’s ability to navigate market challenges and capitalize on seasonal demand effectively.
For the six months ending December 31, the company reported its headline earnings per share (HEPS), a key profit indicator in South Africa, at 12.21 rand ($0.6627). When adjusted for constant currency fluctuations, HEPS showed a more robust growth of 10%. This illustrates the company’s improved operational efficiency and profitability during the reporting period.
In a move indicative of its strong performance, Bidcorp declared an interim dividend of 5.6 rand per share, representing a 6.7% increase compared to the previous year. Such a dividend growth showcases the company’s confidence in sustaining profitability and its commitment to returning value to shareholders.
Bidcorp reported a promising 6% rise in half-year earnings, driven by a boost in festive season trading. The company’s HEPS reached 12.21 rand, reflecting strong operational performance, especially in constant currency. The declared interim dividend of 5.6 rand highlights Bidcorp’s ongoing commitment to shareholder returns amidst positive financial results.
Original Source: www.tradingview.com
