JOHANNESBURG (Reuters) -South African food services company Bid Corporation (BidCorp) reported a 6.5 % rise in full-year earnings despite a challenging and uncertain trading environment, it said on Wednesday.
The company, which operates in Australasia, Europe and emerging markets such as China and the Middle East, said its headline earnings per share rose to 2,562.7 cents for the year ending on 30 June, from 2,405.5 cents a year earlier.
In constant currency terms, which exclude the effects of exchange rate changes between different currencies, profit grew 9.6%.
The South African-based food supplier said that its revenue edged up 4.3% to 235.6 billion rand ($13.41 billion) and its trading profit rose 6.4% to 12.9 billion rand. The key profit measures rose 6.8% and 9.3% respectively in constant currency.
The company declared a final cash dividend of 600 cents per share, up from 565 cents from the previous year.
($1 = 17.5632 rand)
(Reporting by Siyanda Mthethwa; Editing by Sfundo Parakozov and Louise Heavens)
