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Bidvest`s profit soars

By Dave Glazier, ITWeb journalist
Johannesburg, 09 Feb 2006

Investment holding company Bidvest expects to report a 20% to 23% increase in headline earnings per share for the six months to end-December 2005.

The group says in a trading statement that its interim results will be released on 27 February.

Bidvest`s share closed at R100.96 yesterday - R2.40 or 2% down on the previous close. This was on an average daily trading volume of about 740 000 shares.

Bidvest holds technology interests in business-to-business company mymarket.com, and also owns divisions in the services, food service and automotive sectors.

The South African-based company employs 90 000 people worldwide.

In November, Business Connexion acquired Bidvest Network Solutions, formerly known as I-Fusion.

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