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Qaanitah Hunter talks about the systematic breakdown of South Africa

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    Italtile increases sales despite stressed consumers

    Tile and sanitary ware manufacturer Italtile' s sales grew 14.7% to R2.9bn for the first five months to end-November, it said in a sales update on Monday morning.

    The group, whose brands include Italtile Retail, CTM, and TopT, opened a further nine TopT stores during the period. This brought the group’s total to more than 150 stores.

    Excluding new stores, revenue grew 10% and average price inflation was about 7.9%, the sales update said.

    "While trading conditions remained testing and consumer discretionary spend constrained during the period, the business benefited from continued improvements across its operations and a gain in market share," Italtile said.

    Source: BDpro

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
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