Tile company Italtile has delivered underwhelming results for the six months to December 31, 2022, with the group’s trading profit 8% lower year-on-year to R1.4-billion, while operating costs increased by 9% year-on-year. “I think most disappointing for us really was the performance by our manufacturing division, which makes up about 40% of our group profits. Poor results in this division put a bit of a damper on our results,” Italtile CFO Brandon Wood told Engineering News on February 13.
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