Wednesday, February 7, 2007

Shoprite sees H1 earnings up 25-35 pct

Africa's largest grocery retailer Shoprite said on Wednesday it expected first-half diluted headline earnings per share (EPS) on continued operations to rise between 20-30 percent.

Shoprite said it expected both basic and diluted EPS and headline EPS on all operations for the six months to end-December to be between 25-35 percent higher.

Last month, Shoprite said first-half sales rose 14.7 percent to 19.1 billion rand.

The firm said sales at its non-South African stores jumped 29.8 percent in rand terms, boosted by new stores in Angola and Nigeria.

Read more at Reuters South Africa

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