Shoprite expects high full year earnings

Both basic and fully diluted earnings per share for the year are expected to be between 40% and 50% higher.

The group said the results should viewed against 2007's industrial action which depressed that year's results, and that the company's biggest brand Shoprite's non-SA business increased its trading profit at a rate substantially above that of the rest of the company.

The company's results for the 12 months ended 30 June are expected to be released on or about 2 September 2008.

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