Boxer Retail LimitedJSE: BOX

BOX: Turnover up 12.3%, trading profit up 17.3%, and ROIC at 26% with strong cash and expansion

· Issued by Boxer Retail Limited

Turnover rose 12.3% to ZAR 46.7bn, trading profit up 17.3%, and ROIC reached 26%. Store base expanded to 576, with strong cash generation enabling full debt repayment and a 40% HEPS dividend payout. Margin outlook is flat amid rising input costs and inflationary pressures.

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