Italtile LimitedJSE: ITE

ITE: Trading profit up 3% and EPS up 4.5% despite 1% turnover decline; 28c dividend declared

· Issued by Italtile Limited

Turnover declined 1% to R6.08bn, but trading profit rose 3% and EPS increased 4.5% to 70.6c. Retail outperformed, manufacturing margins remained under pressure, and a 28c interim dividend was declared.

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