{"id":8390,"date":"2012-02-27T14:39:40","date_gmt":"2012-02-27T12:39:40","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-s-africas-bidvest-h1-profit-up-37-4-pct\/"},"modified":"2012-02-27T14:39:40","modified_gmt":"2012-02-27T12:39:40","slug":"update-1-s-africas-bidvest-h1-profit-up-37-4-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-bidvest-h1-profit-up-37-4-pct\/","title":{"rendered":"UPDATE 1-S.Africa&#8217;s Bidvest H1 profit up 37.4 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Diluted headline EPS at 739.3 pct vs 538 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sales up 15.1 pct to 67.3 bln rand<\/p>\n<p><span><\/span><\/p>\n<p>* Results boosted sale of Mumbai airport stake<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 27 (Reuters) &#8211; South African<br \/>\nindustrial conglomerate Bidvest Group Ltd reported a<br \/>\n37.4 percent jump in first-half profit on Monday, lifted by the<br \/>\nsale of its stake in Mumbai International Airport.<\/p>\n<p><span><\/span><\/p>\n<p>Bidvest, whose business include food distribution, auto<br \/>\nretailing and shipping, said diluted headline earnings per share<br \/>\ntotalled 739.3 cents in the six months to end-December compared<br \/>\nwith 538 cents a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS, the main profit measure in South Africa, was<br \/>\nboosted by 400 million rand ($52.7 million) procceds from the<br \/>\nsale of the company&#8217;s stake in Mumbai airport, without which<br \/>\nearnings would have increased by just 13.6 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Bidvest, which makes more than a quarter of its sales<br \/>\noverseas, said sales rose 15.1 percent to 67.3 billion rand<br \/>\n($8.86 billion) helped partly by favourable currency swings.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in the company are up more than 11 percent so far<br \/>\nthis year, outpacing 7 percent gain in the JSE Top-40 index<br \/>\n.<br \/>\n($1 = 7.5926 South African rand)\t<\/p>\n<p> (Reporting by Tiisetso Motsoeneng; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Diluted headline EPS at 739.3 pct vs 538 cents * Sales up 15.1 pct to 67.3 bln rand * Results boosted sale of Mumbai airport stake JOHANNESBURG, Feb 27 (Reuters) &#8211; South African industrial conglomerate Bidvest Group Ltd reported a 37.4 percent jump in first-half profit on Monday, lifted by the sale of its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8390"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}