Italtile pays out special dividend despite industry over-capacity and weak consumer buying power

By Edward West | Published Aug 27, 2024

The much higher payout to shareholders was even though the financial performance for the year was slightly below the previous year, with turnover flat at R11. 5 billion, trading profit 11% lower at R2. 1bn, while headline earnings per share fell by 7% to 123 cents per share.