A 14% rise in revenue for home retailer is flagged

DURBAN – Homechoice International, a South African home retailer and financial services provider, has flagged a 14percent jump in group revenue for the first quarter of 2018, buoyed by strong retail numbers.

Group revenue for the first three months is expected to soar by 14.1percent to R720million as compared to last year, the JSE listed company said in a trading statement on Friday.

Retail revenue for the same period is expected to increase by 12.5percent to R540.8m, driven by retail sales growth of 16.4percent to R397.5m.

“Retail customers continue to respond well to the group’s innovative products and expanded brands …read more