Tag: operating profit
South Africa's largest materials retail company, Cashbuild reported a nine percent drop in headline earnings as costs rose amid subdued consumer spending. The group faced difficult trading conditions in this period. Joining CNBC Africa for more is Werner de Jager, CEO, of Cashbuild.
While 61% of group revenue is earned in Europe and the United Kingdom, 32% of revenue is earned in Africa, mostly in South Africa.