Dis-chem closes in the red despite an increase in earnings

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Odwa Magwentshu
Market-Podcast

South African pharmaceutical chain Dis-Chem Pharmacies reported on Friday a 13.7 percent increase in full-year adjusted earnings and 13.3 percent jump in turnover, supported by a growing store base and tight cost controls. Despite the increase in revenue, the share price closed -13.86%. However on the bright side, the group declared a gross final dividend of 12.73 cents per share, compared with 7.3 cents in the prior year.

 

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