Clicks Group Limited announced consolidated earnings results for the full year ended August 31, 2016. For the year, the company reported revenues of ZAR 25,530,967,000 compared with ZAR 23,285,096,000 for the same period a year ago. Operating profit was ZAR 1,571,636,000 compared with ZAR 1,396,039,000 for the same period a year ago. Profit before taxation was ZAR 1,514,651,000 compared with ZAR 1,329,284,000 for the same period a year ago. Profit for the year was ZAR 1,093,872,000 or 436.7 cents per diluted share compared with ZAR 954,575,000 or 381.5 cents per diluted share for the same period a year ago. Headline earnings was ZAR 1,098,471,000 or 438.5 cents per diluted share compared with ZAR 960,455,000 or 383.9 cents per diluted share for the same period a year ago. Net cash effects from operating activities was ZAR 759,145,000 compared with ZAR 798,989,000 for the same period a year ago. Capital expenditure was ZAR 432,959,000 compared with ZAR 369,547,000 for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2017. The weak consumer spending environment is expected to continue into 2017 as low economic growth, together with ongoing political and social uncertainty, will place further financial pressure on consumers. Clicks has strong organic growth prospects for the medium to long term, with extensive opportunities to expand its store footprint in South Africa. Record levels of capital expenditure of ZAR 577 million will be invested in stores, IT and supply chain to support the growth in the business. Management is confident of the group's ability to sustain performance and deliver on its medium-term financial and operating targets.