What recession? Shoprite full year earnings up 12%, stock rises
Shoprite defied market conditions as it reported a 12 percent increase in full year headline earnings per share to R10.07.
Shoprite defied market conditions as it reported a 12 percent increase in full year headline earnings per share to R10.07.
Pick n Pay Stores fell the most in five months after South Africa’s second-biggest supermarket chain missed expectations for full-year earnings.
Shoprite says first-half profit increased faster than a year earlier as price increases were kept below the official inflation rate, boosting volumes sold.
Brait has changed it’s spots over the last three to four years. Historically it was a traditional private equity asset manager and has now morphed into an FMCG play.