StocksMedium•30 October 2026•
1 min read
Dis-Chem Shares Plunge Most Since 2018 on Profit and Dividend Drop
Key Facts
1Dis-Chem shares fell 12.63% to R24.42, marking their worst one-day drop since 2018.
2Headline earnings per share fell 12.8% to 64.3c, while the interim dividend was reduced by 12.9%.
3The group reported an 8% increase in revenue to R23bn despite the decline in profits.
Dis-Chem shares fell 12.63% to R24.42, marking their worst one-day drop since 2018. Business Day reported that the sell-off followed the group's interim financial results for the period ending August, which showed headline earnings per share declined 12.8% to 64.3c.
The company reduced its interim dividend by 12.9%, even as revenue increased by 8% to R23bn. Retail expenses grew by 13.7% and employment costs rose by 12.8% during the period, weighing on the group's bottom line. Meanwhile, shares of rival Clicks rose 1% on Friday.