South African retailer Clicks Group posted a rise in full-year profit on Thursday, and said trading for the first seven weeks of the new financial year was in line with the previous year.
The group said diluted headline earnings per share for the year to end August climbed 26,2% to 165,9 cents per share, within its own forecast of a 22% to 27% rise.
Group turnover from continued operations grew 8,8% to R12,2-billion.
Clicks added that management did not expect an increase in consumer spending in the short term, but said good organic growth was expected to lead to boost its market share through expanding its Clicks store base.
Shares in the company have risen by 64,17% over the last year. — Reuters