CLICKS:  19,015   -157 (-0.82%)  18/01/2019 00:00

Health and beauty products lift Clicks Group's H1 profit

JOHANNESBURG, April 19 (Reuters) - South African retailer Clicks Group posted a 14.8 percent rise in half-year earnings on Thursday as health and beauty products appealed to thrifty consumers in a weak economy.

Diluted headline earnings per share for the six months ended Feb. 28 rose to 266.3 cents from 232 cents, Clicks said.

Group turnover rose 10 percent to 14.4 billion rand ($1.21 billion) while retail sales grew by 13.2 percent.

Chief Executive David Kneale said health and beauty sales rose by 14.3 percent which contributed to Clicks gaining market share in all product categories.

"The growth (in health and beauty sales) was driven mainly by buoyant Christmas trading, appealing promotional offers and competitive pricing," he said in a statement.

Shareholders will receive an interim dividend of 102.5 cents per share, up 16.5 percent.

($1 = 11.9225 rand) (Reporting by Nqobile Dludla; editing by Jason Neely)

2018-04-19 08:24:00

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