Takealot makes R111 million loss despite massive revenue increase

Takealot grew its gross merchandise value by 34% and revenue by 27%, Naspers reported in its annual results for the period 1 April 2021 – 31 March 2022. Naspers noted that these percentages represent growth in local currency, excluding mergers and acquisitions. Takealot’s revenue grew from $606 million (R9.6 billion) last year to $827 million (R13 billion). It recorded the same trading loss as last year, $7 million (R111 million), or a 1% trading loss margin. Jan Vermeulen – Editor of MyBroadband joins us to discuss.