Italtile flags modest profit growth, despite waning DIY wave
The shift in consumer spending away from home improvement has kept operations and profitability under pressure, the company says
11 August 2022 - 12:11
Italtile, SA’s biggest retailer and manufacturer of tiles, bathroom-ware and related products, has flagged modest profit growth that will result in higher earnings per share (HEPS) for the year to end-June.
HEPS were expected to rise between 7.5% and 9.7% from 140.1c, the franchise retailer said on Thursday...
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