News Formal

Dis-Chem warns of sharp decline in interim earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The pharmaceutical retailer attributes the decrease to accounting changes and a strike by employees

Ivan Saltzman, CEO of Dischem. Picture: RUSSELL ROBERTS/FINANCIAL MAIL

The company attributed the decrease to accounting changes which have affected its bonus policy. “Previously the group expensed the full bonus amount when paid in December of each year. The bonus is now evenly accrued throughout the financial period due to its guaranteed nature,” Dis-Chem said. This has increased costs in the current period by R75m.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN Nigeria’s earnings jump as data use risesCEO Ferdi Moolman says the performance is encouraging and demonstrates ‘the resilience of our business despite a challenging operating environment’
Source: BDliveSA - 🏆 12. / 63 Read more »

Cell C liquidity challenges affect MTN earningsMobile operator says it will recognise payments from roaming deal only when liquidity challenges are resolved
Source: BDliveSA - 🏆 12. / 63 Read more »