South Africa’s Shoprite Group said today (10 February) it expects to report a 35-45% jump in earnings per share during the first half of its fiscal year.
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In a trading update, the group said that “the current state of the economy should be considered” when projecting the results for the full year.
Last month, Shoprite posted a growth in turnover of 27.3% for the six months to 31 December. Growth on a like-for-like basis was 22%.
The financial results for the review period are expected to be published on 18 February.
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