Italtile LimitedJSE: ITE

ITE: Turnover flat at R11.54bn, trading profit down 11%, cash up 76%, special dividend declared

· Issued by Italtile Limited

System-wide turnover was flat at R11.54bn, with trading profit down 11% and EPS down 8%. Cash reserves rose 76% to R1.8bn, supporting a special dividend, while the Group faces ongoing margin pressure and tough competition.

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