Health and beauty retailer Clicks Group has announced its preliminary financial results for the year ended August 31. Group retail turnover increased by 10.9% to ZAR10.8bn (£847.5m). The core Clicks drugstore network reported sales up 13% with operating profit soaring 25.8%.
Meanwhile, the Musica music and video store chain announced a sales decrease of 5.9%. Outside the retail division, the group’s UPD pharmaceutical wholesale operation reported turnover rise by 4.2%.
Chief executive David Kneale said: “Trading conditions became increasingly challenging during the year.”