Home improvement demand holding up in 2021, says Italtile
The group expects headline earnings to rise at least 70% in its year to end-June, should trading conditions persist
16 April 2021 - 08:21
Bathroomware company Italtile, which owns CTM and U-Light, says it continues to benefit from increased pandemic-induced demand for home improvement, expecting a more than two-thirds rise in profit in its financial year should conditions persist.
More time at home, less spending on travel and entertainment, as well as low interest rates have all been cited as factors behind strong sales growth for Italtile, which earned almost as much headline profit in its half-year to end-December than in the preceding full financial year...
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.