Business
ITE: Turnover flat at R11.54bn, trading profit down 11%, cash up 76%, special dividend declared
ITE: Turnover flat at R11.54bn, trading profit down 11%, cash up 76%, special dividend declared
About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.