JOHANNESBURG (Reuters) -South Africa's biggest online retail group Takealot grew its full-year revenue by 15%, with growth supported by investments in logistics, enhanced customer offerings and its subscription service as it faces competition from new market entrant Amazon.
Technology investor Naspers said on Monday that Takealot Group's revenue rose by 15% in local currency to $872 million for the fiscal year ending March 31. Despite this growth, the group posted an adjusted EBIT (earnings before interest and taxes) loss of $13 million.
