Clicks posts resilient interim results

JOHANNESBURG - Clicks has delivered a resilient performance for the six months ended in February.

This despite constrained consumer spending and internal systems challenges.

The group reported an increase in headline earnings, rising 6.4 percent to R1.5 billion.

Headline earnings per share climbed 8.1 percent, supported by a share buyback.

Clicks said performance was temporarily affected by delays in the roll-out of its Cape Town distribution centre.

READ | Clicks shows resilience in tough operating environment

It disrupted product availability over the festive season.

Management said availability improved and returned to normal levels by the end of the period.

The group warns conditions are likely to remain tough, with higher fuel prices adding to inflationary pressure.

But it's still planning further store and pharmacy openings this year, alongside a pilot of new concept stores.

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