Italtile maintains revenue, but profit and earnings decrease

JSE-listed tile manufacturer Italtile has reported a 0.6% year-on-year increase in revenue to R11.3-billion for the financial year ended June 30, while trading profit decreased by 10.4% year-on-year to R1.8-billion, owing to subdued demand, rising input costs and aggressive competition. Basic earnings per share (EPS) decreased by 10% to 113.1c a share and basic headline earnings per share (HEPS) decreased by 9.4% to 113.4c a share.

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