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South Africa’s Shoprite Sees Turnover Rise 6.3% In H1

Published on Feb 27 2018 9:38 AM in Retail tagged: Featured Post / South Africa / shoprite / Checkers / Paywall

South Africa’s Shoprite Sees Turnover Rise 6.3% In H1

South Africa-based Shoprite Holdings has posted a 6.3% increase in turnover in the first half of its financial year, reporting R75.8 billion worth of sales for the period.

Trading profits were up 6.3% to R4.1 billion, while diluted headline earnings were up 14.2% to 525.2 cents per share.

The retailer, which is the largest grocer on the African continent, said that its South African supermarket operations were a key driver of its sales performance.

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