Dis-Chem shares surge on expansion, high profits
03 November 2021 - 10:16
UPDATED 03 November 2021 - 15:22
Shares in pharmaceutical company Dis-Chem jumped the most in nine months as it reported a surge in profit after new store openings and its Baby City acquisition.
It also benefited as consumers returned to malls, giving a boost to a company that has been seen to have defensive qualities that help to shield it from economic downturns. The company reported a 16% increase in retail revenue in the six months to August, while headline earnings, a main profit measure in SA that strips out exceptional items, rose 35%...
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