Although continuing to face sustained economic instability and constrained disposable income, the renovation and commercial project segments of Italtile’s business saw it post system-wide turnover of R3.5-billion for the six months ended December 31, up 14% from the comparative period of 2015. Like-on-like retail store revenue also grew 8.8%, while the reported trading profit increased by 12% to R594-million.
Source: www.engineeringnews.co.za
Italtile posts higher interim profit, despite tight economic conditions
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