Italtile expects headline earnings to rise at least 70% in its year to end June, should trading conditions persist
JSE-listed bathroom ware retailer Italtile said total retail store sales improved by 18.5% for the nine months to end March 2021.
Italtile has a retail division and manufacturing division. Italtile's retail brands are CTM, Italtile Retail, TopT and U-Light. And the manufacturing division comprises Ceramic Industries Proprietary Limited and Ezee Tile Adhesive Manufacturers Proprietary Limited.
In an update to shareholders on Friday, Italtile said manufacturing sales for the period increased by 25.4% compared to the previous corresponding period.
The group reported double-digit growth across all of its operations, namely the retail brands, supply chain importers and manufacturing businesses.