Furnmart cautious as profits take 50% dip
Monday, November 07, 2022 | 300 Views |
The group bemoaned the harsh trading environment noting that their sales growth measured against the high comparable base of the prior year has been sluggish.
Commenting on the results, Tobias Mynhardt said sales growth recorded in the prior year was strong, after the lifting of the hard lockdown periods. “Gross profit margins remain under pressure and have declined compared to the prior period.
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