Briefs
Woolworths lifts FY profit by 10%, lags consensus
JOHANNESBURG (Reuters) – South African retailer Woolworths reported a lower-than-expected 10 percent increase in full-year profit on Thursday, hit by costs related to its acquisition of Australia's David Jones.
Woolworths share price on the day
Woolworths, which sells upscale food and clothes, said diluted headline earnings per share totaled 360 cents, below a 389 cent estimate in a Reuters poll of 14 analysts.
Shares in Woolworths have gained about third in the past twelve months, far outpacing rivals such Massmart and the broader market.
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(1 US dollar = 10.6085 South African rand)