Business Day TV spoke to Italtile’s CEO Lance Foxcroft
26 August 2024 - 20:35
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Italtile and Cashbuild are the main options for those eyeing an investment in the home improvement sector. Picture: SUPPLIED
Increased competition and weak consumer spend has weighed on Italtile. The tile manufacturer and retailer has posted a 7% decline in headline earnings per share, but shareholders are in for a windfall. The group has declared a special dividend worth 78 cents, taking the total dividend to 127 cents. Business Day TV unpacked the performance with CEO Lance Foxcroft.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: Weak consumer demand weighs on Italtile
Business Day TV spoke to Italtile’s CEO Lance Foxcroft
Increased competition and weak consumer spend has weighed on Italtile. The tile manufacturer and retailer has posted a 7% decline in headline earnings per share, but shareholders are in for a windfall. The group has declared a special dividend worth 78 cents, taking the total dividend to 127 cents. Business Day TV unpacked the performance with CEO Lance Foxcroft.
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