South African company Dis-Chem posts higher half-year profit

South African company Dis-Chem posts higher half-year profit

The group’s net earnings per share, a key measure of South African corporate profit, rose 44.3% to 70.3 cents in the six months to August 31, from 48.7 cents for the period. the previous year.

Dis-Chem also declared an interim dividend of 28.1 cents per share, up 44.3%.

Dis-Chem, which runs South Africa’s second-largest pharmacy chain, competing with Clicks Group, said the group’s revenue rose 9.3% to R16.3 billion (R899.6). million), including retail revenue growth of 9.3% and wholesale revenue growth of 10.6%.

The company said retail revenue showed a normalization of business trends from the prior year period, when it earned R222 million in revenue for administering and testing the COVID-19 vaccine. She made 143 million rand in the last six months.

During the reporting period, 15 net Baby Boom stores were acquired as of March 1, thereby strengthening the group’s leading position in baby product retailing. at the end of August, the group had 251 retail pharmacies and 53 retail stores selling baby products. ($1 = R18.1195)