BRIEF-Bidvest FY Normalised HEPS From Continuing Ops Of 1 028.3 Cents

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BRIEF-Bidvest FY Normalised HEPS From Continuing Ops Of 1 028.3 Cents
Credit: © Reuters.

Sept 14 (Reuters) - Bidvest Group Ltd BVTJ.J :

* BIDVEST - FY NORMALISED HEPS FROM CONTINUING OPERATIONS OF 1 028.3 CENTS

* BIDVEST - FY HEPS FROM CONTINUING OPERATIONS 553.2 CENTS

* BIDVEST- DESIGNATE MPUMI MADISA WILL ASSUME CHIEF EXECUTIVE ROLE FROM 1 OCTOBER 2020

* BIDVEST - FY R6.9BN TRADING PROFIT FROM CONTINUING OPERATIONS, UP 3%, BEFORE R1.6BN COVID-19 CHARGES

* BIDVEST - EXPECT UNCERTAIN AND FRAGILE OPERATING ENVIRONMENT TO PERSIST.

* BIDVEST - FLAGSHIP LIQUID PETROLEUM GAS (LPG) STORAGE PROJECT IS EXPECTED TO BE COMMISSIONED DURING SEPTEMBER 2020

* BIDVEST - WILL CONTINUE TO INVEST STRATEGICALLY TO GENERATE SUSTAINABLE PROFITS FOR LONG TERM.

* BIDVEST - FY REVENUE FROM CONTINUING OPERATIONS WAS R76.5 BILLION (2019: R76.1 BILLION)

* BIDVEST - BOARD BELIEVES THAT DECISION TO NOT DECLARED A FINAL DIVIDEND BALANCES INTERESTS OF ALL STAKEHOLDERS

* BIDVEST - LINDSAY RALPHS WILL STEP DOWN AS DIRECTOR FROM ALL BIDVEST GROUP ENTITIES, EFFECTIVE 30 SEPTEMBER

* BIDVEST - TOTAL DIVIDEND FOR YEAR AT 282 CENTS PER SHARE, 53% LOWER YEAR ON YEAR

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