Dischem final results February 2019

Revenue for the year increased by 10% to R21.4 billion (2018: R19.5 billion), gross profit rose 9.5% to R5.2 billion (2018: R4.8 billion), operating profit increased by 8.2% to R1.2 billion (2018: R1.1 billion), while profit attributable to equity holders of the parent was higher at R734.7 million (2018: R684.3 million). Furthermore, headline earnings per share grew to 85.4 cents per share (2018: 79.6 cents per share).

Dividends declaration
Notice is hereby given that a gross final cash dividend of 13.47250 cents per share, in respect of the year ended 28 February 2019 has been declared based on 40% of headline earnings.

Company outlook
For the 10 weeks to 10 May 2019, Group revenue grew by 12% from the prior comparable period. The Group expects that the consumer will continue to remain constrained as a result of the current macroeconomic environment. As was the case previously, the resilient markets in which the Group operates together with the brand positioning will offer a certain amount of protection against the weak environment and the Group is well positioned to benefit from additional consumer disposable income.

The Group remains focused on adding retail stores. Five stores have been added since the financial year end and an additional 17 store openings are planned through to February 2020. The financial information in this outlook paragraph has not been audited, reviewed or reported on by the Group's external auditors.

2019-05-16 08:10:37