Bidvest FY profit up 11%, lags consensus

JOHANNESBURG (Reuters) – South Africa's second biggest company by revenue Bidvest Group reported an 11 percent rise in annual profit on profit on Monday, helped partly by favourable currency swings.

Bidvest, a conglomerate spanning auto show rooms, shipping and catering, said headline earnings per share totalled 1,723 cents in year to end-June, below a 1,751 cent estimate in a Reuters poll of nine analysts.

Headline EPS, the most widely watched profit measure in South Africa, strips out certain one-off items.

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