Italtile manages to increase sales despite weak economy

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Tile and sanitaryware manufacturer expects the second half of the financial year to be tough while retail store turnover in the first five months rises 7%

 

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Pretty good interim update from Italtile showing rigorous management focus on turning around CTM is working. Good growth at low end Top T & high end Italtile. Market liked update stock +3.7% to R14.00. A share smalltalkdaily has owned in his pension fund for years

The individual franchise holders are most likely not doing as well. Being squeezed for royalties and fees.

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