Clicks Group says it grew headline earnings by 12.9% to R763.3m in the six months to February thanks in part to better sales of its private-label products and higher profits from its distribution business.
Retail health and beauty sales grew 8.5%, while UPD, the group’s pharmaceutical distributor, grew operating profit by 27.2% as it gained market share, Clicks said. While Eskom’s power cuts were weighing on consumer confidence and trading, Clicks said its brands “are well positioned to increase market share”.
Meanwhile, the UPD business had won two new bulk distribution contracts which would start late in the second half of the financial year.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Tiger Woods' victory in Masters a win for golf businessTiger Woods' victory at the Masters golf tournament on Sunday, his first major victory since 2008, is expected to lift sales for sponsors, broadcasters and golf courses lucky enough to host a tournament with Woods playing.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Group Five to shed assets under business reviewSouth African builder Group Five said on Friday it would dispose of some assets and delay its interim results after filing for bankruptcy protection last month.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »