South African pharmacy chain Dis-Chem Pharmacies (DCPJ.J) reported a 17.2% decline in half-year earnings on Friday, hit by the constrained economic environment, higher interest rates and costs associated with power cuts.
A Dis-Chem logo is seen amid a nationwide coronavirus disease lockdown, at a pharmacy in Midrand, South Africa, January 18, 2021. Picture taken January 18, 2021. REUTERS/Siphiwe Sibeko/File Photoreported a 17.2% decline in half-year earnings on Friday, hit by the constrained economic environment, higher interest rates and costs associated with power cuts.
The group's headline earnings per share, a key metric of profit for South African companies, fell to 58.2 cents in the six months ended Aug.31 from 70.3 cents in the same period a year ago.Lendlease Group and Alphabet's Google reached a mutual agreement to end development services deals for four master-planned districts in the San Francisco Bay Area, the Australian developer said on Friday.
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