Spoonful of medicine
JOHANNESBURG – SA pharmaceutical giant Clicks on Thursday posted glowing financial results showing a 12,2 percent increase in its revenue which grew the group’s turnover to R9.2-billion in 2015.
The group’s pharmaceutical wholesale and distribution business, UPD, also increased turnover by 11 percent to R4-billion.
Chief executive David Kneale in a statement on Thursday said the Clicks chain showed resilience of the business in an environment of declining consumer confidence and increasing economic uncertainty.
Kneale said the group produced a good result, with all product categories performing strongly.
“Over the festive season in particular customers responded positively to our product ranges and to our promotions,” Kneale said.
The Clicks chain increased sales by 13.6% in the 20 weeks to 17 January, 2016.
But Kneale said the pharmacy expects trading conditions to be challenging in future, with consumers facing further pressure from a combination of higher inflation and rising interest rates.