Clicks plans to open 41 new stores
CAPE TOWN – Pharmacy, health and beauty retailer Clicks Group announced its interim results for the six months to February 2019.
One of the big announcements it made was that it is planning a capital investment of R700 million over the next financial year, split across the store and pharmacy network.
The company added that this group infrastructure will support the increased scale of the business as it will accelerate its store expansion programme by opening 41 new stores in the financial year.
Clicks announced it and reported a 13.2 percent increase in diluted headline earnings per share to 300.1 cents.
Group turnover increased by 6.2% to R15.3 billion. The operating profit grew by 11.3% to R1 billion, with the operating margin expanding by 30 basis points to 6.8%
Chief executive Vikesh Ramsunder said in a statement: “The online store is the chain’s fastest-growing store, reflecting customers’ need for convenience, as well as the growing trend to online shopping in South Africa. Eighteen new pharmacies were opened to extend the pharmacy network to 528."
Written by: Gabriella Steyn.
Guzzle Media
