BRIEF-Dis-Chem Pharmacies Says FY Headline Earnings Grew By 7.4%

  • Reuters
  • Stock Market News
BRIEF-Dis-Chem Pharmacies Says FY Headline Earnings Grew By 7.4%
Credit: © Reuters.

May 16 (Reuters) - Dis-Chem Pharmacies Ltd DCPJ.J :

* PROVISIONAL REVIEWED ANNUAL CONDENSED CONSOLIDATED RESULTS

* FY GROUP REVENUE GROWTH OF 10% TO R21.4 BILLION.

* FY HEADLINE EARNINGS GREW BY 7.4% OVER CORRESPONDING PERIOD

* FY RETAIL REVENUE GREW BY 9.7% TO R19.6 BILLION WITH COMPARABLE STORE REVENUE AT 3.4%

* FY HEADLINE EARNINGS PER SHARE 85.4 CENTS PER SHARE

* FOR 10 WEEKS TO 10 MAY 2019, GROUP REVENUE GREW BY 12% FROM PRIOR COMPARABLE PERIOD

* INDUSTRIAL ACTION WHICH BEGAN MID-NOVEMBER LAST YEAR HEAVILY IMPACTED GROUP'S FY PERFORMANCE

* FIVE STORES ADDED SINCE FINANCIAL YEAR END AND AN ADDITIONAL 17 STORE OPENINGS ARE PLANNED THROUGH TO FEBRUARY 2020

* INDUSTRIAL ACTION CAME TO AN END ON 10TH OF APRIL 2019 WITH NUPSAW WITHDRAWING ALL DEMANDS AND EMPLOYEES RETURNING TO WORK

* R50.4 MILLION OF ADDITIONAL DIRECT COSTS WERE INCURRED IN FY ON INDUSTRIAL ACTION THAT AFFECTED GROUP

* GROUP EXPECTS THAT CONSUMER WILL CONTINUE TO REMAIN CONSTRAINED AS A RESULT OF CURRENT MACROECONOMIC ENVIRONMENT

* GROSS FINAL CASH DIVIDEND OF 13.47250 CENTS PER SHARE, IN RESPECT OF YEAR ENDED 28 FEBRUARY 2019 HAS BEEN DECLARED

* ADDITIONAL 17 STORE OPENINGS ARE PLANNED THROUGH TO FEBRUARY 2020

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