Business
ITE: Turnover down 2%, trading profit stable, cash up 18%, and dividends up 17% year-over-year
ITE: Turnover down 2%, trading profit stable, cash up 18%, and dividends up 17% year-over-year
About this update from Italtile Limited
System-wide turnover declined 2% to R11.3 billion, with trading profit stable at R2.1 billion amid tough market conditions. Cash reserves rose 18% to R2.2 billion, and total dividends increased 17% to 148.0 cents per share. The Group maintained a Level 2 B-BBEE rating and continued strong investment in sustainability and human capital.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.