Dis-Chem goes from hero to zero

• Dis-Chem's shares fell by 12.45% the day after it released its interim results, extending its year-to-date decline to 30.6%.
• Dis-Chem's revenue grew by 8% to R22.97 billion, but interim profit was down 12% to R580.58 million.
• Dis-Chem's CEO Rui Morais attributed the decline to strategic investments in IT advancements, store roll-outs, and the Better Rewards loyalty programme.