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Cashbuild to pay dividend despite Covid-19 hit

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South Africa Headlines News

The company expects trading conditions to remain ‘extremely challenging’ due to the weakness of the national economy

Building materials retailer Cashbuild has opted to pay a final dividend, saying that sales have picked up by more than 10% in the six weeks following its year to end-June.

The group declared a final dividend of 272c, a payment of about R68m, from 420c previously. The total dividend for the year declined 17% to 707c.

 

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