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Clicks FY profits jump despite fragile consumer confidence

23 Oct 2014

Retail group Clicks continued to show resilience in the face of challenging economic pressures and fragile consumer confidence‚ reporting a 10% jump in full-year profits on Thursday, 23 October 2014.

Clicks FY profits jump despite fragile consumer confidence

The pharmaceutical‚ health and beauty retailer said diluted headline earnings per share (HEPS) increased to 336.8c in year ended August from 298.3c in the year-earlier period.

A strong second-half performance‚ particularly in the health and beauty market‚ helped to lift operating profit 10.3% to R1.2bn.

The group's retail sales grew by 8.8% during the period‚ with UPD‚ the company's wholesale pharmacy business‚ enjoying the lion's share of sales growth.

UPD is also one of SA's largest distributors‚ wholesalers and exporters of pharmaceuticals.

Clicks also houses the Body Shop and Musica in its brand stable.

The company said it planned to expand its retail presence by opening 20-25 stores and pharmacies in the year ahead despite high unemployment‚ rising inflation and slow wage growth.

It also planned to gain further market share in the pharmaceutical space.

It declared a total divided of 190c.

Source: BDPro via I-Net Bridge

Source: I-Net Bridge

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