CLICKS: 15,806 0 (0.00%)
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 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.