Lewis shares catapult 17% as profit doubles
Strong cash sales and solid collection from credit customers should lift earnings by as much as 136%
12 May 2021 - 08:03
UPDATED 12 May 2021 - 09:56
Lewis Group shares jumped 17% to R33.90 on Wednesday, logging their biggest one-day gain in nearly six months after the retailer of household furniture and electrical appliances said its full-year profit will double in the year to end-March.
Better debt collection and pent-up demand after the government-imposed lockdown boosted the results...
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