Bidvest disappointed with lower revenues

Ongoing disputes over fish quota allocations, and last year’s loss of an important local chicken distribution deal, all weighed heavy on the financial performance of Bidvest Namibia this past year.
The diversified group yesterday reported its annual results for the year ended June 30th, including a 4.6% drop in revenues, to N$3.5 billion.
In his presentation to investors and analysts, Bidvest Namibia CEO Sebby Kankondi noted a number of successes over the year, including the recent acquisition of the Novel Motor company and Namibia Bureau de Change.
Read more about Bidvest disappointed with lower revenues