Dis-Chem profits drop as shoppers feel the pinch

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 61%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Dis-Chem Pharmacies has seen its H1 profits take a hit as consumers continue to feel the bite of the tough economy.

Pharmacy group Dis-Chem has reported a 17% drop in profit for the six months ending 31 August 2023, attributed to tough trading conditions, load shedding costs and the normalisation of the trade environment.

The group also attributed the poorer performance against last year to the normalisation of trading conditions. Given that context, the group expects its six-month finances to be more balanced, with a stronger second half in line with historical trends.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines