Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Bidvest Annual Results. [Operator Instructions] Please note that this call is being recorded.
I would now like to turn the conference over to Ilze Roux. Please go ahead, ma’am.
Ilze Roux
Investor Relation Officer
Thank you, Danney. Good morning, good afternoon, everyone. My name is Ilze Roux, the Corporate Affairs Executive, and I have the pleasure of welcoming you to the call today. Thank you for your interest in Bidvest. These results reflect resilience, our focus on operational excellence and cash generation, our distinctive approach to creating social value and executing our clear and simple strategy.
As is customary, Mpumi Madisa, Group CEO, will take — will make some high-level remarks before Mark Steyn, Group CFO, delve deeper into the numbers. Mpumi will then follow with a detailed review of each division’s performance and close with some reflections and our outlook. There will be an opportunity to ask questions at the end of the session.
Mpumi, over to you.
Nompumelelo Madisa
CEO & Executive Director
Thank you very much, Ilze, and good morning and afternoon to everyone, and thank you for joining us today. This has been a year with a mixed bag of performances with some highlights and at the same time, some lowlights. On a net basis, I must say, though, that whilst the financial numbers don’t reflect this, as a management team, we believe that a lot has been executed this year and the benefits of this work will materialize in the coming years. From a performance perspective, excellent results were reported by Services South Africa, Services International, Branded Products and Automotive, who increased profits by
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