FULL-YEAR RESULTS
Lewis expects higher headline earnings as credit book remains healthy
Furniture retailer's headline earnings for the period are expected to be 15%-25% higher
18 May 2022 - 23:27
Furniture group and lender Lewis will report a healthy headline earnings rise of at least 15% for the year ending in March, thanks to good sales and an improving credit book.
Headline earnings for the period, a profit measure in SA, are expected to be 15%-25% higher than the previous year’s R463m, reaching at least R533m. Due to share buybacks in 2021, Lewis has fewer shares in issue, than in 2020. This has inflated the headline earnings per share figure, that will increase 30%-40%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.