- is a complete Foodservice offering
- serves multiple customer segments
- is internationally diversified across developed and emerging markets
- people are entrepreneurial and incentivised to be so
- has a proven decentralised business model and best practice learnings are widely shared
- growth is organic, acquisitive-organic through bolt-ons, and acquisitive
- believes that balance sheet strength with low debt is a strong competitive advantage
- proprietary technology enhances customer relationships and efficiencies
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Comment
Bidcorp’s performance overall was in line with management expectations, considering the differing economic realities of its developed and emerging market exposures. Headline earnings per share (HEPS) increased by 9,2% to 700,2 cents per share (H1F2018: 641,0 cents), with basic earnings per share (EPS) increasing by 8,2% to 698,7 cents per share (H1F2018: 645,5 cents). Currency volatility across major currencies positively impacted our rand-translated results for the period.
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Financials
- Condensed interim consolidated statement of profit or loss
- Condensed interim consolidated statement of other comprehensive income
- Headline earnings
- Condensed interim segmental analysis
- Condensed interim consolidated statement of cash flows
- Condensed interim consolidated statement of financial position
- Condensed interim consolidated statement of changes in equity