Johannesburg - Retailer Clicks Group [JSE:CLS] reported a
near 10% rise in full-year profit on Thursday, as relatively low inflation
helped support consumer spending.
Clicks, which runs SA’s biggest drug store chain, said
diluted headline earnings per share totalled 273.4 cents in the year to
end-August, compared with 250 cents a year earlier.
Revenue increased 9.5% to R16.2bn and the company declared a
final dividend of 107.9 cents, up from 88 cents last year.
The company said it plans to spend R356m in 2013 on new
stores and upgrades to existing stores.
Clicks bought back more than R500m of its own shares in the
past two years, helping it ease pressure on profitability due to increasing
competition and as consumers grapple with high fuel costs.
Shares of the company were flat after the results.