Clicks will prioritise its own branded products in a bid to provide better value to cash-strapped consumers, CEO Vikesh Ramsunder says.
Clicks released its trading update for the 20 weeks to January 12, showing retail sales grew 7.9% and total group sales were up 9.9% to R12.9bn, with its distribution unit UPD faring particularly well. In the period under review, Clicks’ big growth came from UPD, a wholesaler of medical goods and distributor of drugs to independent pharmacies and private and government hospitals, which grew sales by 13.1%.
FNB wealth and investments analyst Wayne McCurrie said the Clicks share price was very expensive, meaning investors had demanding expectations. Its price earnings ratio is more than 30 times.
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IOL - 🏆 46. / 51 Read more »
Growthpoint bets on health-care surgeThe company’s SA CEO, Estienne de Klerk, said the health-care fund had been more successful than expected 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »
Western Cape health department puts up a fight against budget cutsDamage would take years to repair, says incoming head as officials ask provincial treasury for reprieve
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »