Dis-Chem eyes expansion as profit slides
Pharmacy group says weaker performance was due to constrained economic conditions, higher interest rates and load-shedding costs
Pharmacy group Dis-Chem plans to compete head-to-head with Clicks in provinces where it is underrepresented with an expansion of as many as 150 stores, it said when posting its results to end-August.
But Clicks is a lot more profitable with an operating margin of 8.7% at its retail stores for the year to end-August, so it will be a tough nut for Dis-Chem to crack...
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