JSE-listed food service group Bidcorp increased group trading profits by 38.4% to R10.5-billion for the year ended June 30 and increased headline earnings a share by 35.4% to R20.82, up from R15.38 in the 2022 financial year. It also declared a final cash dividend of 500c a share, thereby increasing dividends for the 2023 financial year by 34% compared with the prior financial year. The final cash dividend represents about 2.2-times headline earnings a share cover, which is in line with group policy.
