Furniture retailer Lewis Group lifted revenue by 8% to R4.1 billion in the year to March 2010 as the early signs of improving economic conditions started to benefit consumers, while improved margins increased the group’s profitability by 9%. Earnings per share increased by 5.6% to 672.0 cents and the total dividend was maintained at 323…
AFTER A TORRID 2009, this year may yet be another rough one for South Africa’s furniture stocks, despite signs of economic recovery. That’s because the sector’s recovery largely hinges on two factors: better debt collections and an uptick in sales. But analysts have expressed mixed feelings about the sector’s prospects this year in light of…
Fourth-quarter revenue increases by 7.9% Furniture retailer Lewis increased merchandise sales by 11.7 percent last month, astonishing analysts who had expected a dismal performance for durable goods retailers over the festive season. Revenue for the quarter to December grew by 7.9 percent year on year, with merchandise sales for the same period increasing by 7.3…
