Clicks Group on Thursday (28 April), pointed to a ‘resilient’ financial performance for the six months ended February 2022, with group turnover up by 9.0% to R19.6 billion amid the ongoing tough trading environment.
Retail sales grew by 13.6%, with selling price inflation of 3.7%. Distribution turnover increased by 0.6%, with price inflation of 1.9% for the first half, it said.
Adjusting for the impact of the second SASRIA insurance payment, headline earnings from continuing operations grew by 8.6% and diluted HEPS by 10.2%, Clicks said. Clicks said that its total SASRIA settlement for damages from the KZN civil unrest amounted to R710 million . The first interim payment of R217 million was accounted for in the 2021 financial year. The second interim payment of R217 million has been included in the current reporting period.
Growth in Clicks will be supported by the ongoing Covid-19 vaccination programme and the opening of a further 28 stores for the year, while the first-half recovery in the beauty category is expected to continue.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman injured as fishing group is shot at by farmerA 77-year old white Limpopo farmer has been arrested for shooting at a group of about ten black people,. injuring one claiming he was allegedly shooting at hippos.
Read more »
GROUNDUP - IN THE FIRING LINE: CT city centre security guards up in arms after being kicked to the kerb by Phangela GroupThe workers want the Cape Town Central City Improvement District to intervene after accusing the security and armed response service provider of demoting security guards and racism.
Read more »
Moshoeshoe appointed SABC Group Executive for News and Current Affairs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Broadcasting Corporation (SABC) has announced the appointment of a new Group Executive for News and Current Affairs, Moshoeshoe Monare.
Read more »
The new energy shock since 1970s: World BankThe new energy shock since 1970s: World Bank Global energy costs have pushed energy cost to 50% this year since the Russian invasion of Ukraine and other rise price for other commodities
Read more »
After a boom in summer travel, Heathrow braces for a ‘winter freeze’Decreased demand, higher fuel costs, a slowing economy and Russia’s war in Ukraine mean the London airport is cancelling services
Read more »