Tag: vikesh ramsunder
Clicks is going ahead with plans to open 38 new stores and 40 new pharmacies despite uncertainties of how COVID-19 will impact the economy. The pharmaceutical retailer has however put dividends and share buybacks on ice, opting to preserve cash for tough times ahead. Clicks CEO, Vikesh Ramsunder joins CNBC Africa for more.
Clicks, a darling of investors, annual dividends grew 17 per cent to 327 cents apiece after further extending its reach in the pharmacy market and gaining new bulk distribution contracts. The retailer said it has adapted well to trading in this protracted economic downturn and is confident of sustaining volume growth in the year ahead by growing market share. Vikesh Ramsunder, CEO, Clicks Group joins CNBC Africa for more.