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.
- On the money: Hormel still looking for M&A
- FMCG sales slowing despite economic green shoots
- On the money: Hain expects continued organic gains
- Consuming issues: The hunger-obesity paradox
- Analysis: Market bets on higher Chiquita offer
- Switz rejects EU plea to bypass Russia export ban
- Fonterra, Beingmate launch infant formula JV
- Parmalat nears Lacteos Brasil acquisition
- Russian government eases ban on food imports
- UK group Symington's eyes Australia growth