The Bidvest Group Limited Declares Final Cash Dividend for the Year Ended June 30, 2015, Payable on September 28, 2015; Announces Audited Consolidated Earnings Release for the Full Year Ended June 30, 2015; Provides Tax Rate Guidance for Fiscal 2016
Aug 31 15
The Bidvest Group Limited have declared an final gross cash dividend of 483 cents (410.55 cents per ordinary share net of dividend withholding tax, where applicable) per ordinary share for the year ended June 30, 2015 to those members registered on the record date, being September 25, 2015. The dividend has been declared from income reserves and no Secondary Tax on Companies credits has been used. A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt. The payment date is on September 28, 2015. Last day to trade cum dividend is September 18, 2015. First day to trade ex-dividend is September 25, 2015.
The Bidvest Group Limited announced audited consolidated earnings release for the full year ended June 30, 2015. For the year the total turnover of the company was ZAR 204,915,925,000 against ZAR 183,645,179,000 a year ago. Trading profit was ZAR 9,672,855,000 against ZAR 8,945,521,000 a year ago. Operating profit was ZAR 9,337,403,000 against ZAR 7,881,985,000 a year ago. Profit before tax was ZAR 6,159,376,000 against ZAR 6,943,832,000 a year ago. Profit for the year was ZAR 6,159,376,000 against ZAR 4,836,659,000 a year ago. Profit attributable to shareholders of the company was ZAR 5,898,406,000 against ZAR 4,603,307,000 a year ago. Cash flow from operation was ZAR 6,434,016,000 against ZAR 5,370,491,000 a year ago. Net additions to Property plant and equipment were ZAR 2,834,200,000 against ZAR 2,760,766,000 a year ago. Net additions to tangible assets were ZAR 278,477,000 against ZAR 213,085,000 a year ago. Diluted earnings per share were 1,817.1 cents against 1,452.8 cents. EBITDA was up 8.2% to ZAR 12.2 billion. Headline earnings were up 11.3% to ZAR 6.1 billion. Headline earnings per share were ZAR 18.822, up 8.6%. Headline earnings were ZAR 6,075,642,000 against ZAR 5,459,550,000 a year ago. Net asset value per share was 11,190 cents compared to 9,965 cents a year ago. Net debt has declined to ZAR 7.8 billion as compared to ZAR 7.9 billion at June 30, 2014, despite the outlay of funds for DAC, PCL and other acquisitions ZAR 3.0 billion.
For fiscal 2016, the company anticipates tax rate around about 28%.
The Bidvest Group Limited Declares Final Dividend for the Year Ended June 30, 2015, Payable on September 28, 2015
Aug 31 15
The Bidvest Group Limited announced that in line with the Group dividend policy, the directors have declared a final gross cash dividend of 483.0 cents (410.55 cents net of dividend withholding tax, where applicable) per ordinary share for the year ended June 30, 2015 to those members registered on the record date of September 25 2015. The dividend is payable on September 28, 2015.