WATCH: Acquisition gives Italtile the edge

Retailer Italtile’s R3.5bn acquisition of manufacturer Ceramic Industries boosted its interim turnover by 36% to R2.8bn for the six months to end-December The tile and bathware retailer said property investment remained muted during the period, citing subdued economic conditions and sociopolitical uncertainty Chief financial officer Brandon Wood spoke to Business Day TV’s Stephen Gunnion about the company’s interim results. OR LISTEN TO THE AUDIO:

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