Dis-Chem Pharmacies has said it will focus on improving returns to shareholders after once-off costs associated with a strike and the change of accounting treatment hit its earnings.
Headline earnings per share fell 38.9% to 31c, due to accounting changes that have brought leases onto the balance sheet, and a strike at distribution centres that led to excess stock, as well as extra security and staff costs.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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Dis-Chem gains market share as store rollout continuesGroup revenue grew 13.2% during its six months to end-August, boosted by new outlets and its acquisition of a wholesaler
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Dis-Chem gains market share as store rollout continuesGroup revenue grew 13.2% during its six months to end-August, boosted by new outlets and its acquisition of a wholesaler
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