Clicks expects earnings growth

Johannesburg - Retail group Clicks Group on Wednesday advised shareholders that its diluted headline earnings per share for the year ended August 31 2009 are expected to be between 22% and 27% higher than the previous financial year.

This earnings guidance is higher than the range provided in the group's interim results on April 30 2009 as a result of good second half trading and working capital management, it said.

Diluted earnings per share for the period are expected to be between 10% and 15% higher after benefiting from one-off profits from the disposal of businesses and sale of property in the previous financial year.

Clicks Group's results for the year ended August 31 2009 will be released on Sens on Thursday, October 22 2009.

- I-Net Bridge