Dis-Chem’s store-roll-out drive has paid off. The retail pharmacy group opened 21 new stores during the year to end-February and these additional stores helped the company deliver annual turnover growth of just more than 13%, along with a 6.6% rise in earnings. Headline earnings per share (HEPS) came in at 79.6c and the group’s declared a final dividend of 12.7c, taking its total for the full-year to 31.4c. Dis-Chem remains confident that the “resilient markets” in which it operates will offer some protection against weak trading conditions, despite a constrained consumer environment. Dis-Chem chief financial officer Rui Morais spoke to Business Day TV about the company’s performance. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
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.