Clicks expects earnings to improve when its Musica stores close
22 April 2021 - 10:16
Clicks expects its second-half earnings to improve as it shuts down its last 11 Musica stores by May after the division lost R71m in the six months to February, more than 10 times the loss of the previous comparable period.
The retailer’s diluted headline earnings per share, a main profit measure that strips out certain one-off items, increased by 9.5% to 371c. ..
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