Italtile to proceed with expansion even as SA’s prospects deteriorate

Bathroom-ware company Italtile, which owns CTM and U-Light, said on Thursday it was proceeding with expansion plans, even as it warned SA’s declining economic prospects were particularly tough on the building and construction sectors.

Trading profit rose 6% to R1.029bn in the company’s half year to end-December, but the company now expects growth in its second half to be less robust than expected...