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Bidvest Group FY earnings up 5%

The group declared a final dividend of 264 cents.

South African trading, services and distribution firm Bidvest Group reported a 5% increase in full-year earnings on Monday, supported by cost management, bolt-on acquisitions and strong focus on clients and solutions.

Bidvest said headline earnings per share for the full-year ended June increased to R11.08 ($0.85) from R10.54 in 2016.

Headline EPS, the most widely watched profit measure in South Africa, strips out certain one-off items.

The group declared a final dividend of 264 cents.

Read the SENS announcement.

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