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Clicks shines as it posts a glowing set of results despite a tough economic climate

by , 22 October 2015

Earlier today, Clicks Group released its preliminary results for the year to the end of August.

Along with buoyant results, the company announced that it's increasing its final dividend too.

Clicks shares have soared on the back of its results.

Let's take a closer look at what the results revealed…


Clicks results show strong growth


Clicks [JSE:CLS] reported a 10.4% rise in retail sales for the year under review, reports IOL. In addition, its pharmaceutical distribution business saw sales rise by 21.6%.

The retailer saw its diluted headline per shares (HEPS) rise by 14% to 383.9c, says BDLive. In line with this, turnover for the group increased “15.3% to R22.1 billion and operating profit increased 14.6% to R1.4 billion”.

Clicks achieved this in spite of a constrained retail trading environment, notes Bloomberg. The company noted that it had “continued to gain share of the health and beauty markets”.

Through the year, Clicks “opened 22 new stores and 22 new pharmacies,” adds IOL. This brings the company’s outlets to “486 stores, with 361 pharmacies and 157 in-store clinics”.

Clicks also announced it is raising its dividend 24% to 235c a share, says Bloomberg.


Clicks is confident about its future


The company isn’t too worried about lies ahead due to its “portfolio of strong, market leading brands, says BDLive. Clicks is confident in its “ability to continue to generate cash and to achieve its medium-term financial targets”.

So far this year, Clicks shares have done well, climbing 18%, reports MoneyWeb. This is against a rise of just 1.8% in its Food & Drug Retailers Index.

At time of writing, shares in Clicks were trading 10.6% higher at R105.49.

So an impressive set of results from Clicks, which isn’t letting the lack lustre economic climate hold it back.

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Clicks shines as it posts a glowing set of results despite a tough economic climate
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