Tag: lindsay ralphs
In line, with the conditions of the current economic environment, Bidvest has reported a drop in earnings.
Bidvest's headline earnings per share fell by 3.9 per cent in its first-half after new international accounting standards and a write-off of money owed by struggling South African Airways. Joining CNBC Africa to discuss that further is CEO of Bidvest, Lindsay Ralphs.
Bidvest released a solid set of numbers from the year end-June. Bidvest increased trading profit by 3.5 per cent to R6.7 billion and HEPS by 9.8 per cent to 1 352.1 cents. Cost cutting was the name of the game, as a result gross profit were increased from 28.9 per cent to 29.8 per cent. CEO, Lindsay Ralphs joins CNBC Africa for more.