MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Dischem profit up as market share increases

Dischem profit up as market share increases

JOHANNESBURG – South African pharmacy group Dis-Chem’s half-year profit on a per share basis rose 10.5% as it lifted its market share across all divisions.

The drugstore chain said diluted headline earnings per share (HEPS) was 51.7 cents, compared with 46.8 cents per share for the six-month period ended August 2017.

Headline EPS is the most widely watched profit measure in South Africa which strips out certain one-off items.

Dis-Chem said the 1% VAT increase in April along with the fuel price increases had dampened trading in April and July.

“Subsequently, we have seen trading improvements in August and then again in September, suggesting consumer confidence is improving slightly,” Chief Executive Ivan Saltzman said in a statement.

Group turnover grew by 9.4% to R10.5 billion ($738.78 million) from R9.6 billion.

Dis-Chem declared a gross dividend of 20.69 cents per share.


Source:

EWN

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

‘Considering selling your business?’  

The decision to sell your business could well be the most important decision a business owner will make. While there is plenty of information...

Business is booming in Cape Town’s CBD

Business is experiencing strong growth in the Cape Town’s Central City with 135 new entities opening in 2022, bringing the total number of businesses...

MUST READ

Engen and Vivo Energy combination completed, creating a pan-African energy champion

Combined Group spans over 3,900 service stations, and more than two billion litres of storage capacity across 28 African markets Significant capital expenditure...

RECOMMENDED

Cape Business News
Follow us on Social Media