Boosted by strong results

Moxima Gama

Dis-Chem’s share price has rallied this month, driven higher by strong financial results for the six months to end August. Headline earnings per share (HEPS) were up 38.1% to 46.8c, despite an 8% increase in its shares in issue since listing in November 2016. An interim dividend of 18.73035c per share was declared. Revenue, helped by the opening of 19 new stores over the period, was up 14% to R9.95bn. The group had 118 stores at the end of August. After-tax profit jumped 37.4% year-on-year to R409m. Dis-Chem’s retail operations dominated the group’s results, accounting for 91% of sales and R629m of its pre-tax profit, with its wholesale division, branded CJ Distribution, contributing a R52.8m pre-tax loss. CJ Distribution, which invested in additional warehouse space in the period under review, services Dis-Chem,…

You're reading a preview of

Finweek - English (Digital) - 1 Issue, 02-nov-17

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.