Clicks says private-label products boosted interim earnings

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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Clicks Group interim earnings up 13.2%CEO Vikesh Ramsunder says the group is planning capital investment of R700 million for the year.
Источник: TheCitizen_News - 🏆 6. / 75 Прочитайте больше »

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.
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

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.
Источник: SowetanLIVE - 🏆 13. / 63 Прочитайте больше »

Group Five to shed assets under business reviewThe group, one of the biggest names in South Africa’s construction industry, said the disposals would help it meet its debt obligations, cover working capital and cut its liabilities.
Источник: ewnupdates - 🏆 30. / 53 Прочитайте больше »