Clicks interim results February 2017
Revenue for the interim period increased to R13.8 billion (2016: R12.7 billion), gross profit rose by 11% to R2.8 billion (2016: R2.5 billion), profit for the period jumped 14.5% to R582.8 million (2016: R509 million), while headline earnings per share grew by 15.3% to 247 cents per share (2016: 214.2 cents per share).
The board of directors has approved an interim gross ordinary dividend for the period ended 28 February 2017 of 88.0 cents per share (2016: 76.0 cents per share). The source of the dividend will be from distributable reserves and paid in cash.
Consumer spending will continue to be constrained in the months ahead, with low economic growth, higher taxes and ongoing political turbulence weighing negatively on disposable income and consumer sentiment.
The health and beauty markets in which the group operates are relatively resilient and in the current environment management will focus on protecting income, controlling costs and managing cash efficiently.
The group remains strongly cash generative and will continue to fund organic growth through the operating cash flows produced by the business. Capital investment has been increased to R577 million for the full financial year to support the increased scale of the group.
Most read today
Most read yesterday