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Cash-flush beauty retailer returns R1.2 billion to shareholders | IOL Business Report

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Cash-flush pharmaceutical health and beauty retailer Clicks returned a total of R1.2 billion to its shareholders in the year to the end of August, bringing total dividends paid in the past 10 years to R7.4bn. busrep

DURBAN – Cash-flush pharmaceutical health and beauty retailer Clicks returned a total of R1.2 billion to its shareholders in the year to the end of August, bringing total dividends paid in the past 10 years to R7.4bn.

The group said the windfall consisted of dividend of R981 million and share buy-backs of R211m during the period. Chief executive Vikesh Ramsunder said the group managed to increase its overall turnover by 7.2 percent to R31.4bn during the period, with operating margin expanded by 40 basis points to 7.4 percent.

Ramsunder said sales in retail health and beauty increased 10.5 percent on good volume growth as Clicks gained market share in all core product categories. “The growth was driven by competitive pricing, a differentiated product offer and new stores,” he said.

 

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