Beauty is healthy for Clicks

22 October 2010 - 00:14 By Reuters
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Retailer Clicks Group posted a 27% rise in full-year profit, helped by strong sales of health and beauty products.

Clicks, South Africa's largest pharmacy chain, said yesterday diluted headline earnings per share totalled 211.4c in the year to the end of August from 165.9c a year earlier.

Revenue increased 9% to R13.9-billion from R12.8-billion.

The company said it plans to spend R250-million in the current financial year on capital expenditure, to increase its floor space by as much as 5%.

Retailers have been squeezed as customers battle with unemployment and high debt, but Clicks has fared better due to its emphasis on pharmacies and beauty products. South African retail sales growth slowed unexpectedly in August, data showed this month.

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