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.
- Focus: The impact of Heinz's stevia ketchup
- Focus: Gen Mills turns to M&A to bolster US ops
- Viewpoint: US health food in play - at a price
- Comment: Kingsmill "youth" appeal bodes well
- BRICs: How dairy deal bolsters Lactalis and BRF
- Burton's "eyeing" United Biscuits merger
- Glanbia to buy US sports nutrition firm Isopure
- Arla joins race for Egypt's Arab Dairy
- Mondelez pauses production at Cadbury Oz site
- Premier Foods revamp creates three divisions