Food services firm Bid Corporation Ltd (Bidcorp) reported a 48.6% decline in full-year earnings on Wednesday, as hotels, restaurants and pubs closed during lockdown to curb the spread of the coronavirus.
The South African company, spun off from Bidvest in 2016, said headline earnings per share (HEPS) from continuing operations fell to 741.3 cents from 1,443.6 cents in 2019.
HEPS is a widely used profit measure that excludes one-off items to give a better indication of the underlying performance of a business.
(Reporting by Nqobile Dludla; Editing by Promit Mukherjee)
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5d. change
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Capi.
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| 234.6 ZAR | +0.34% | +0.83% | 4.15B | ||
| 426 ZAR | +0.95% | +2.54% | 7.43B | ||
