Ceramic tiles and related products provider Italtile increased its system-wide sales for the five months to November 30, to R2.9-billion, representing growth of 14.7% compared with the five months ended November 30, 2015.
Nine TopT stores were opened during the five months, although their full contribution to revenue would only be reflected in the following six months.
Like-on-like retail store turnover grew by 10% compared with the previous corresponding period, with average price inflation estimated at 7.9%.
“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,” it said in a note.