FURNITURE retailer Lewis Group said yesterday that pretax profit rose 14% in the six months to September as sales increased and bad debt costs stabilised. The company that operates 565 stores under the Lewis, Best Home and Electric brands, said pretax profit increased to R441,9m from R386,6m. Furniture and appliance sales rose 11,1% with electronic…
Cape Town – Furniture retailer Lewis Group increased headline earnings per share by 14.5% to 332.5 cents in the six months to September 2010 as merchandise sales grew by 11.2% and credit collections continued to improve. An interim dividend of 156 cents per share was declared, an increase of 8.3%. Chief executive, Johan Enslin, said…
Exclusive merchandise and an improved trading environment has seen furniture retailer Lewis Group (LEW) increase bottom-line profit by 14.5%. “Stronger sales growth was driven by the steadily improving financial state of consumers in the Lewis target market and the focus on sourcing exclusive merchandise ranges,” said chief executive, Johan Enslin. On Monday, the company, which…
