Retail-led healthcare group Clicks_SA has reported a 33.5% rise in profits for the year ended August 2022. Moneyweb BusinessNews
Retail-led healthcare group Clicks on Thursday reported a 33.5% rise in profits for the year ended August 2022, with group diluted headline earnings per share increasing to 1 032.7 cents, up from 773.6 cents in the previous period – bumped up by a strong recovery in the beauty category, tighter controls on costs and strong cash flows. The robust full-year performance saw the group’s share price surge by over 7% in morning trade.
Expansion Despite the group facing challenges linked to the July 2021 civil unrest, persistent load shedding and mounting pressure on SA consumers’ disposable income, it has kept up with its aggressive expansion plans. Clicks increased its retail footprint to 840 stores during full-year, an increase of 58 stores from the previous period, while its national pharmacy presence increased to 673, translating to 52 more pharmacies than it had in the last comparable period.
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