Dis-Chem defers dividend as it considers post Covid-19 environment
Sales surged in March, but the pharmacy group is concerned about the outlook for SA’s economy
20 May 2020 - 08:22
Pharmacy group Dis-Chem has deferred a decision on its final dividend due to uncertainty over its future trading environment, even as it reported a surge in sales in March as SA consumers stocked up ahead of the lockdown.
The group said sales in March jumped 45.6%, however, revenue fell about 20% due to its inability to sell non-essential items during SA’s level 5 lockdown...
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