Shoprite H1 SA sales up 7.2%

Shoprite Holdings (SHP) increased turnover by 8.8% from R57.5bn to about R62.5bn in the six months to December 2015, the company said in an operational update on Tuesday.
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Image credit: Sunday Times

"After an improved second quarter driven by good festive season trading, the South African supermarket operation increased sales by 7.2%," the company said.

The group's non-RSA supermarkets recorded sales growth of 15.2% "notwithstanding the influence of lower commodity prices and the devaluation of certain currencies", it said.

The financial results for the review period will be published on or about 23 February 2016.

Source: BDpro


 
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