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Dis-Chem gains market share as store rollout continues

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Group revenue grew 13.2% during its six months to end-August, boosted by new outlets and its acquisition of a wholesaler

Dis-Chem pharmacy in Rosebank, Johannesburg. Picture: FINANCIAL MAIL

Group revenue rose 13.2% to R11.8bn during its six months to end-August, with the integration of Western Cape wholesaler Quenets helping external revenue from wholesale grow 28.5%. “As we have reiterated, commercial decisions made are for the long-term benefit of group growth considering the position of our brand within a resilient, consolidating market,” CEO Ivan Saltzman said in a statement.

Four more stores have been added since the end of August, while the company is planning to open seven more stores by the end of February 2020.

 

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