S AFRICA: Domestic sales boost Shoprite H1 revenues
Shoprite's revenues in the six months to the end of December climbed 6.9%
South African supermarket operator Shoprite Holdings has booked an increase in first-half sales, boosted by higher domestic sales and a weaker rand.
Revenues in the six months to the end of December climbed 6.9% on a like-for-like basis, the Cape Town-based company said yesterday (14 January). Growth was driven by a 6.2% increase in sales from South Africa, its biggest market. International sales rose 28%, due in part to a declining rand.
Group sales in the period amounted to ZAR46.7bn (US$5.32bn), a 13.8% increase on last year.
Shoprite will publish its full financial results on 19 February.
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