Revenue grows 6% despite tough times The passing of the National Credit Act nearly two years ago limited the number of customers who were overextended and many had now paid off earlier debt and were eligible for more credit, Alan Smart, the chief executive of furniture retailer the Lewis Group, said yesterday. However, 25.4 percent…
Furniture retailer Lewis Group delivered a resilient performance in the year to 31 March 2009 as the group posted solid revenue growth, strong cash flows and maintained its dividend at 323 cents per share. Group chief executive, Alan Smart, described trading conditions as “the most demanding experienced in the credit retail sector for many years.”…
