Lewis Group's profit soars, dividend jumps 60%
Lewis Group (JSE:LEW) has announced a strong financial performance for the year ended March 31, 2025, with operating profit surging by 66.9% to ZAR1.2 billion. Revenue increased by 13.5% to ZAR9.3 billion, supported by a 9.2% rise in merchandise sales to ZAR5.1 billion. The company’s improved credit management is reflected in a record 83.5% of satisfactory paying customers and a reduction in non-performing accounts. Earnings per share jumped 80.7% to 1 457 cents, and headline earnings per share increased by 60.3% to 1 483 cents. Reflecting its strong performance and confidence in future prospects, Lewis Group increased its total dividend by 60.0% to 800 cents per share. The group expanded its store footprint to 918 locations. While geopolitical uncertainties and local instability present challenges, Lewis Group aims to maintain growth through strategic execution and proven strategies.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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