Furniture and appliance retailer Lewis Group has flagged an up to R280m rise in headline profit for its year to end-March, saying cash sales have remained strong despite Covid-19, while it is also benefiting from an improvement in its debtors book.
The group, valued at R2.1bn on the JSE and whose brands include Beares and United Furniture Outlets, said in a trading update that the good sales momentum in its nine months to end-December continued in its fourth quarter, with robust cash sales across all brands...
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