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Takealot Group Surpasses $1 Billion Revenue, Posts Profit
29 Jun
Summary
- Takealot Group reported its first full-year adjusted operating profit.
- Strong order growth and logistics arm gains fueled this achievement.
- The company reached $1 billion in annual revenue for the year.
South Africa's Takealot Group has reported its first full-year adjusted operating profit, a significant financial achievement. The e-commerce giant reached this milestone for the year ending March 31, reporting adjusted earnings before interest and tax (aEBIT) of $11 million.
This profitability was bolstered by substantial growth in customer orders and strategic gains within its logistics arm. These factors contributed to the company achieving $1 billion in annual revenue, underscoring its prominent position in the country's digital retail market. The group's adjusted EBITDA also saw a considerable increase, rising by 60% to $78 million.
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