Furnmart cautious as profits take 50% dip
Monday, November 07, 2022 | 310 Views |
Furnmart PIC: PHATSIMO KAPENG
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.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...